SEC & Gensler push Crypto regulation

calling upon Congress “to help protect investors from fraud and abuse”. About a two minute read.

Comment: Ok, the community seemed divided on the impact. I’m always optimistic, not a doomsdayer, so I tend to think whatever regulation they put into place will increase acceptance and utility. Gensler himself has previously suggested ETFs would help protect investors. This talk of regulation has increased the hopes of many –– I’m one! — that a long awaited Bitcoin ETF will soon be launched. Although I’m an unlikely customer, being a long term hodler (1) …

Interesting tidbit I picked up from the article — there are “more than 75 tokens worth at least $1bn each”.

I had no idea there were so many Crypto Unicorns. Excellent.

(1)

HODL

HODL is a misspelling of “hold” that refers to a buy-and-hold strategy in the context of bitcoin and other cryptocurrencies.