Tight Squeeze on Crypto Currencies

The Securities and Exchange Commission (SEC) announced yesterday that bitcoin and many other cryptocurrencies meet the government’s definition of a security and are therefore subject to regulation. Importantly, crypto exchanges must register with the SEC.

Here’s what the SEC said:

If a platform offers trading of digital assets that are securities and operates as an “exchange,” as defined by the federal securities laws, then the platform must register with the SEC…

My Question to the Steemit Community is, how will this effect attitudes towards Bitcoin and crypto currencies going forward.

Reference material: The Daily Reckoning