
It has become more than apparent that regulators will continue to focus their attention on the cryptocurrency industry for quite some time to come. Gary Gensler, a former regulator in the Obama administration, has made some very interesting comments. In his opinion, both Ethereum and XRP were issued and traded in violation of American securities regulations. It seems doubtful there will ever be evidence to back up such claims. Another Attempt to Disrupt Cryptocurrency’s Momentum Most cryptocurrency enthusiasts are all too aware that regulators often try to disrupt positive momentum in the cryptocurrency industry. Every time the Bitcoin price goes up after a rough period, some form of regulatory news will pop up out of nowhere to scare off potential investors. We have seen this cycle repeat itself multiple times over, with China issuing new guidelines, banks cracking down on exchanges, and so forth….
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