Results of the meeting in the United States. What was sounded and how did the market react?

As we reported earlier, a hearing on the crypto-currency issue was scheduled yesterday in the US Senate . Users expected that its results could significantly affect the development of the crypto industry. Despite the fact that there were rumors about the postponement of the hearing - it still took place.

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton
CFTC Chairman Christopher Giancarlo and SEC Securities and Exchange Commission Chairman Jay Clayton spoke before the United States Senate Committee on Banking, Housing and Urban Affairs.

The statements of each of them testified that it is not necessary to perform emergency measures and rash steps, but the question should be kept under control. All of you know how politicians know how to answer questions without answering them.

Nevertheless, one of the users of Reddit collected all the important statements of regulators' representatives that sounded on this day, so that you yourself could appreciate their essence and importance. In general, users agree that it was an "incredibly bullish" performance before the Senate. So, what did Giancarlo say:

His children are not interested in the stock market, but are interested in crypto currency. The government should respect this.
The market should be allowed to develop, while all scammers and intruders should be removed from it. A working group from the SEC, FINCEN, CFTC is working to identify fraud in this area.
There is a certain fundamental value and connection of Bitcoin's cost and zatart on its mining. (On a question - whether there is at Bitkoin "internal cost"?).
The price of Bitcoin [probably, its market means] is equal to one publicly traded company, such as McDonalds. For comparison, the world's money supply is 7.6 trillion. As Bitcoin compares to digital gold, the cost of all gold in the world is 8 trillion.
We must deal diligently with those who abuse our unwavering interest in the technology of blockades and Bitcoin.
We must respect the interest of the new generation in this new technology, using a thoughtful approach to regulation.

Chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo
Users also especially note the fact that during the hearings drugs and drug trafficking were never mentioned in the conversation. The only mention was the need to combat the misuse of crypto-currencies and " illegal transactions ".

The hearing also did not mention terrorism. The national crypto-currencies of Venezuela and Russia were discussed. These tokens were mentioned in the context of the desire of these countries to bypass sanctions from the US. The SEC chairman noted that the government can not significantly influence this situation, but they work with the Treasury and other bodies in this direction.

Thus, regulators do not see Bitcoin as the patron of all drug lords and terrorists of the world. This is a good sign.

Giancarlo also noted the work already done by the body he governed with respect to crypto-currency. First and foremost, he called the creation of an innovative laboratory focused on research on blockage, as well as the launch of Bitcoin futures, which operate under the supervision of the CFTC.

In addition, it was noted at the meeting that the possibilities of the CFTC are limited, as the currency and currency markets function all over the world. Clayton also holds the same opinion:

The international nature of the market is why dissociated work is not enough.
As you can see, there were no negative sentiments at the meeting. The positive reaction of the hearing is also confirmed by the market reaction:

Market capitalization has grown by more than $ 80 billion after the publication of the results of the meeting.

Also pay attention to the reaction of leading crypto currency. All top tokens are now in the green zone for 24 hours, while the growth is from 15 to 60 percent:

We are waiting for the development of the situation!