SEC orders Crypto exchanges to register with agency

Securities and Exchange Commission said it will require digital asset exchanges to register with the agency. Bitcoin fell Wednesday, dropping below the key $10,000 level after the announcement. The SEC also warned in its statement that many places where cryptocurrencies are currently being exchanged aren't SEC-registered despite their appearances and are actually "potentially unlawful." "The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not," the SEC said. " Many platforms refer to themselves as 'exchanges,' which can give the misimpression to investors that they are regulated or meet the regulatory standards of a national securities exchange."

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when you start regulating it, crypto will lose its purpose. I am still waiting for Bitcoin to be $11 to purchase it. In the meantime, I am sticking to GE :) 

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How about some registrations for the Central Bank that prints dollars out of thin air?

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Apparently this announcement caused Bitcoin to dip below $10,000. 

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Regulation is definitely the cause of the volatility. SEC should stay out of crypto. 

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There are few dramas going on around crypto right now besides SEC announcement. Binance hack rumors, Bitmex goes down and Japan's possible ban of several cryptocurrency exchanges. 

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