I saw this on Reddit, its opening statements for the SEC hearing regarding cryptocurrencies which starts tomorrow. It looks positive and shows how governments are beginning to understand and support blockchain technology.
"We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination. With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow
our economy and increase prosperity. "
SEC opening statement (look at the conclusion part)
CFTC opening statement (look at the conclusion part)
Source:Reddit
