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RE: Crypto News: SEC Press Release September 25th
Many people in the crypto trading community fear the SEC's activity, but as a trader I welcome the SEC. This will result in a bigger market, and higher long term gains for BTC in the long run. In the meanwhile we will have to live with uncertainty and confusion - thats a reasonable tradeoff in my eyes for long term safety and security.
I'm not too worried about it. Crypto is here to stay. It may get cleaned up, or there may be attempts at a cleanup but for any real traction, it will take an international task force and with patchwork laws, that's a difficult thing to create.