SEC orders Crypto exchanges to register with agency

[Joanna + 68]

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."

[李伟王芳 + 77]

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  

[Stephen + 67]

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

[Vlad Kovalenko + 115]

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

[Adam Varga + 123]

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

[Selva + 252]

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.