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RE: Breaking -- SEC Crackdown on ICO's -- Tokens now subject to Federal Securities Law. -- this is the reason for the drop
Fantastic! This should not discourage long term investors from playing the 'legit' coins! Im excited!!!
True -- does not detract from Bitcoin....maybe ETH as there might be less applications based on ETH (short term) --- but who knows how the SEC can police what happens in South Korea.
i kind of have the feeling that using the eth chain to some degree is like share dilution... not sure why i have this feeling but i do. CFTC approved LedgerX -- not pumping myself but check my blog post on it.. CFTC will lead on regulations in a broader sense i think.
Good points....we will know soon. We will see how the community reacts and by price/action.
I don't think so . The real thing for the market is bitcoincash.org statement. The Sec just mentioned that US citizens would have problems with ICO , but most of ICO suggested for US citizens not to be involved. They said just the good news that those who participated wont be punished :) I understood it like this.
Thank you for that update... :-)