A Gathering Storm: US SEC and International Governmental Bodies Seek to Regulate Cryptocurrencies

Friends, it is not too far of a stretch today suggest that Cryptocurrencies and Trading Exchanges are going through a “Wild West” early growth phase where almost anything goes and attempts by governmental entities worldwide are viewed with great skepticism at best. The quintessential example is Bitcoin and the US SEC. Flying under the radar has suited first gen Crypto traders, ICOs and Exchanges just fine. So why not keep it that way? As the aggregate value of Cryptocurrencies, including the advent of sovereign ICOs, and Exchanges has increased exponentially over the past 18 months they are now nearing the center of the radar screens of governmental regulators, most notably the US SEC and the UK FCA (Financial Conduct Authority). Bottom line: Will the impending level of “appropriate” government regulation impede the near-term explosion of Cryptocurrencies or pave the way for a more legitimate next wave of legitimate growth undergirded with governance, transparency and integrity which could bolster Cryptocurrency mainstream adoption for years to come? Let us know your thoughts today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)