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7334404 No.7334404 [Reply] [Original]

BULLISH AS FUCK

>https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

>> No.7334516

>>7334404
Please man, delete this. My gf has my 2fa and I cant reach her. I dont want to be stuck in tether when market goes up 50% in a few hours

>> No.7334651
File: 46 KB, 600x668, fa6.jpg [View same] [iqdb] [saucenao] [google]
7334651

>>7334404
history
i
s
t
o
r
y

>> No.7334709

it sounds like they want more control over it, which destroys the point of crypto

>> No.7334751

bullish af but people are still selling

retard market strikes again

>> No.7334770

>>7334404
Bump. Crypto isn’t going anywhere.

>> No.7334771

>>7334709

The same way <any coin> being over $1 defeats the whole purpose of the coin?

>> No.7334797

>>7334404
I don't see him mentioning crypto being a currency whatsoever. He's openly advertising it as an investment gateway.

>> No.7334799

>>7334516
HOW THE FUCK IS HE SUPPOSED TO DELETE IT YOU FUCKING CHEEKY PAJEET

>> No.7334810

It's just a testimony dumbass

>> No.7334830

>>7334404

Dude... he's saying that it's time to regulate ctypto.

Now, if you think that all of the various shitcoins will go up when people figure out that it's regulated, taxable, and on the record, that's up to you.

>> No.7334840
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7334840

first for anime

>> No.7334854

>>7334797
Adding to this how the fuck do these boomers still not fucking get it? Crypto is more than just scam shit icos.

>> No.7334879

>>7334709
>>7334830
There is no mention of regulation

>> No.7334927

>>7334879

"well founded and proven approach to protecting investors and markets"

Can you not read?

>> No.7334929
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7334929

>>7334709
no it destroys what you think the point of crypto should be. we need regulation for institutional investment

>> No.7334943

>>7334709
>>7334797
>>7334830
"The recent proliferation and subsequent popularity of cryptocurrency markets creates a question for market regulators as to whether our historic approach to the regulation of sovereign currency transactions is appropriate for these new markets."

>> No.7335002

THANKS JUST BOUGHT 100K!

>> No.7335034

>>7334927

and this is bad how? LUL.

JOOST-scams are banned and punished. pyramid schemes are banned and punished.
good tech platforms will be blessed with freedom eagles and burgers and the right to bear arms.

>> No.7335067

>>7334927
>"well founded and proven approach to protecting investors and markets"
Still vague. The sentiment is positive and doesn't directly state crippling regulation.
>>7335034
this. it seems very rational.

>> No.7335068

by the time i was reading this BTC dropped from 7300+ to 7100+
BULLISH AS FAUCK

Reminds me about that scene from Big Short actually, where Bear Stern stock went to shit during the conference.

>> No.7335071

>>7334404
learn to read between the lines
expect "accredited investor" requirements for cryptos soon to protect Tyrone and Jamal from Bitconnect

>> No.7335083

>>7334943
That has a pretty wide interpretation.

>> No.7335090
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7335090

>>7334879

Sure he did, you just have to know how to read fed-speak.

This statement is FAR more clear than most fed statements.

He's saying that crypto offers great opportunities for alternative finance and payment, but they MUST be conformed to securities laws and consumer protection laws.

>> No.7335158

>>7335090
The only real regulation crypto needs is proper reporting. That is if you want to start an ICO you need to verify your identity and team to the SEC.

>> No.7335198

Extremely bullish sentiment. Once more people understand this we should start to recover back to our previous highs.

>> No.7335314
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7335314

>>7334879
>Finally, financial products that are linked to underlying digital assets, including cryptocurrencies, may be structured as securities products subject to the federal securities laws even if the underlying cryptocurrencies are not themselves securities.

>> No.7335382

>>7335158

They need a lot more regulations than that. Crypto has only been on my radar for a little while, but already I see problems in need of regulation....

1. The price of BTC and other cryptos is not the same on different exchanges. This is unacceptable in modern markets. The price should be the same on all markets at any given time.

2. Exchange fees are out of control. The idea that someone has to pay 4% or 5% to move money in or out or to do transactions is insane, and is only happening because it is unregulated. In a regulated world, your transaction fees would be roughly the same at all exchanges, and not at shylock rates.

3. There needs to be market makes in the crypto market.

4. Etc

>> No.7335456

>>7335158
Sure. Enjoy your tulips.

>> No.7335457

>>7335090
>>7335314
see
>>7334943
Also:
"we are open to exploring with Congress, as well as with our federal and
state colleagues, whether increased federal regulation of cryptocurrency trading platforms is
necessary or appropriate. "

They will likely regulate to some degree but aren't sure how to do so vs traditional securities. Regardless...bullish

>> No.7335467
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7335467

>>7335382
>1. The price of BTC and other cryptos is not the same on different exchanges. This is unacceptable in modern markets. The price should be the same on all markets at any given time.

>> No.7335497
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7335497

>>7334404
BASED GOVERNMENT!!!!

>> No.7335511

if you keep any of your coins in exchanges right now get them the fuck out

>> No.7335518

>>7335382
>4. Etc

Ethereum Classic

>> No.7335547
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7335547

>>7335382
>The price of BTC and other cryptos is not the same on different exchanges. This is unacceptable in modern markets. The price should be the same on all markets at any given time.

>> No.7335552

>>7335382
my god you are retarded

>> No.7335601

>>7335382
Also ban all mixing services and privacy focused coins. All blockchain addresses need to be registered with IRS for tax purposes.

>> No.7335607

>>7335552

Good answer. Lots of thought

>> No.7335663

>>7335601
This is the most critical step for mass adoption by the general population.

>> No.7335696
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7335696

>>7335068
>my only frame of reference for financial issues is a hollywood movie starring selena gomez

>> No.7335727

>>7335663
Yeah man sounds bullish

>> No.7335759

News sounds sexy as hell. Government is optimistic with crypto.

Since the US is the centre of the world, expect other countries to follow suit.

>> No.7335785
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7335785

>tfw the US government buys out crypto

>> No.7335791

>>7334404
>regulations

>> No.7335806

>>7335607
Seriously, you're just stupid.

>> No.7335839

Markets are starting to recover.

Based SEC.

Fucking amerimutts are actually saving us under the pressure of Chinacucks. Tfw can't influence the market because europoor.

>> No.7335855

>>7334404
exchanges will still be outlawed, there will be no exits

>> No.7335856

https://twitter.com/iamjosephyoung/status/960622342333329408

>> No.7335916
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7335916

>>7335785
>mfw the government buys my FUN bags

>> No.7335924

>>7335855
Where does it say that salty nocoiner? Please highlight the relevant line in the PDF where it says exchanges will be outlawed.

>> No.7335955

>>7335839
None of what's been brought forward here is bullish whatsoever. Best case scenario is crypto gets labeled as it's own new form of security.

>> No.7335978

>>7335855
~Litecoin

>> No.7336010
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7336010

>>7335855
>the US can outlaw exchanges based in other countries

>> No.7336012

Nov 5 2017, BTC $7430 ZRX .18 cents XLM .02 cents.
Feb 5 2018, BTC $7261 ZRX .84 cents XLM .34 cents.
Crash is the market reconfiguring to reflect the fall of bitcoin and the rise of blockchain. That is all.

>> No.7336022

>>7335955
>dispels uncertainty about US regulations
>not bullish

get your butthole checked dude

>> No.7336025

>>7335924
>Where does it say that
common sense says that, exchanges are crooked as fuck, have fun looking at fake order books much?

>> No.7336039
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7336039

I hope the SEC bans trading bots. Trade yourself or fuck off. Wall Street doesn't allow bots.

>> No.7336077

>>7336010
other "countries" literally do not matter, at all

>> No.7336089

>>7336039
>I hope the SEC bans trading bots. Trade yourself or fuck off. Wall Street doesn't allow bots.
agreed on that

>> No.7336091

>>7336022
>labels crypto as a security instead of a currency
>forever used as a payment vehicle for icos
Bullish for eth maybe.

>> No.7336122

>>7336025
>order books are currently manipulated in some markets therefore it follows that all exchanges will be outlawed.
Can you highlight the passage where it says exchanges will be outlawed? "Common sense" is not a citation btw.

>> No.7336133

>>7336091
US SEC Chairman Jay Clayton:

"As I have stated previously, these market participants should treat payments and other transactions made in cryptocurrency as if cash were being handed from one party to the other."

>> No.7336145
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7336145

>>7336077
Yeah I'm sure Hong Kong will listen to the US government. China doesn't even control HK

>> No.7336170

>>7335856

lmfao why do retards think this is a positive spin. he's saying that because crypto isn't regulated you shouldn't treat it like a real security, you're literally just giving someone cash and hoping it doesn't suddenly disappear and that you get more back.

>> No.7336182

>>7335607
oh my fucking buddha how the fuck you can be so fucking retarded what the fuck is wrong with you

>> No.7336197

>>7336122
the ease at which you cryptofags are triggered speaks volumes...

>> No.7336204

>>7336170
you're so retarded it hurts

>> No.7336214

>>7334404
Thanks just bought 100k trump coin

>> No.7336222
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7336222

That's great but...

wtf is the SEC ?

>> No.7336242

>>7336133
Yeah you posted this already but then why is it getting regulated as a security? This news is extremely bearish for any currency related crypto.

>> No.7336255

>>7336145
without the US crypto is dead, deal with it

>> No.7336291

>“Do no harm” was unquestionably the right approach to development of the Internet. Similarly, I believe that “do no harm” is the right overarching approach for distributed ledger technology.
Anyone who says this isn't incredibly bullish is a lying butthurt nocoiner.

>> No.7336313

>>7336222
Securities and exchange commission

>> No.7336325

>>7336255
>Without US

what are you even saying? without US what?

>> No.7336360

>>7336039
Sec has no say in what these exchanges do

>> No.7336365

>>7336197
Funny how when you got called out, you can't provide a citation.

>> No.7336397

Pretty obvious who the boomer nocoiners are from their use of the word "outlaw" lol what do you think this is, the 1800s.

>> No.7336428

>>7336242
the price is literally falling again as people finish reading the document and actually realize what it means
hahahaha idiots who impulse bought because of this are going to get cucked so badly

>> No.7336443

>>7336360

You'd be amazed how much they will

>> No.7336445

>>7336365
probably taking a picture of his wrecked asshole now.

>> No.7336494

>>7335856
>https://twitter.com/iamjosephyoung/status/960622342333329408
>>7336170
this is a positive spin. Means I may not have to pay capital gains on every trade.
>>7336242
not really
>>7336428
no. Just no man.

>> No.7336530

>>7336291
Yep openly spitting on the long term vision of bitcoin is good for bitcoin

>> No.7336536

>>7334404
Skimmed it briefly

States: Crypto can bring good but it needs regulation, advertised largely as preventing normies from getting fucked.

Overall good. Should influence other nations to follow suit. You dont want America to monopolize this too.

Plus, regulation should bring (((institutional))) money in

>> No.7336626

>WE NEED TO REGULATE IT
I'm bullish as fuck on XMR right on now.

>> No.7336646
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7336646

>>7335382
>1. The price of BTC and other cryptos is not the same on different exchanges. This is unacceptable in modern markets. The price should be the same on all markets at any given time.

am i being baited right now ?

>> No.7336701

>>7336646
yes basically.What we can gather from this is: SEC respects crypto and sees it as good. They don't really know how to regulate it as they don't want to kill it.

>> No.7336704

>>7336646
RIP arbitrage lmao

>> No.7336711

>>7336646
he is just a retard. he thinks you can buy IBM on Hong Kong or Nikkei, when in fact, you can only buy it on NYSE

>> No.7336858

>>7334797
He's talking about blockchain technology not your shitcoin forks that all do the same thing.

>> No.7336868

>>7336646
>>7336711

OK, I admit it was poorly worded.

What I meant was.... "the reported price".

At any given moment, if you look at the prices as listed by various sites they're never consistent.

Example, compare these:

https://coins.live/

https://www.gdax.com/trade/BTC-USD

At any given moment, there should be only one price... the right price.

Now, I'm sure some of this could be how often the site updates their quote, but some of it isn't.

>> No.7336933
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7336933

>>7336868

>> No.7336962
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7336962

>>7336868

>> No.7337019

>>7336868
10/10 bait I'm genuinely impressed

>> No.7337028

>>7336701
>>7336291
the praise was for blockchain technology, which has useful applications in the real world beyond simply maintaining a currency. the main point that you're blindly ignoring is that they want to regulate it. it's only a matter of time before they figure out how. this is the U.S. government we're talking about, they will find a way to fuck things up

>>7336204
you really need to read the whole paper rather than just tweets taken out of context, it's for your own good. he's saying crypto are securities and not currency, however since there is no way to protect investors, he is advising that you TREAT IT LIKE CASH

>> No.7337031

>>7336858
Bitcoins long term future is as a scaling payment platform. Whichever side of the fork your on this is the goal. This type of regulation isn't conducive to that goal whatsoever.

>> No.7337052

>>7335068
Better sell along with them while this good news is still under the radar. No way it's ever going to go back up. :^)

>> No.7337555

>>7337031
So bitcoin is useless as fuck

>> No.7337611

>>7337555
No it's just getting regulated and treated like something it isn't whatsoever.

>> No.7337626

>>7337028
BULLISH
>BULLISH
BULLISH
>BULLISH

>> No.7337675

>>7334404
WHAT COINS IS GOING TO BE THE BLOCKCHAIN OF USA I NEED TO BUY ASAP AAAAHHHHHHHHHHHHHHHHHHH

>> No.7337699
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7337699

>>7334404
100K EOY NIGGER

>> No.7337722

>>7337675
Israel coin

>> No.7337741

>>7337699
checked- we're all gonna be filthy fucking rich, lads

>> No.7337900

>>7336360
Bittrex is already SEC compliant that is why they are so strict with their KYC also Bittrex recently anounced USD deposits in addition to USD pairs negating the use of tether.
This would not have been possible if they were not SEC compliant since Bittrex is a US company, unlike Binance who do not give a fuck siince they are based in HK.

>> No.7337991

>>7334751
Imageboards are ground zero for this sort of info. Whales are still scooping up cheap coins before MSM shills the news. The pump will come.

>> No.7338032

>>7337699
me on the right

>> No.7338135

>>7337991
>stupid anime board
>full of insider info for billion dollar trades
>the tip of the fucking spear of a new financial age
FUCKING WALL ST. WISHES THEY WERE US

>> No.7338283

>>7338135
Tell that to Hillary friend. This stupid anime board defeated her. This stupid anime board has been shilling crypto for more than 3 years before "it was cool". Go back to r/cuckshed and stay there.

>> No.7338649

>>7335382
>1. The price of BTC and other cryptos is not the same on different exchanges. This is unacceptable in modern markets. The price should be the same on all markets at any given time.
That's not how markets work you fucking dumbass

>> No.7338676

>>7338032
The spic?

>> No.7339073

>>7336868
>At any given moment, there should be only one price... the right price

LISTEN UP, EVERYONE!

BRAND NEW DUMB MONEY ARE APPROACHING!

THIS IS WHAT WE'VE BEEN TRAINING FOR!

OUR FINEST HOUR SHALL SOON BE UPON US

>> No.7339079
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7339079

>>7335382

retard post of the day