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In the recent hearing The Chairman of the US Commodity Futures Trading Commission J. Christopher Giancarlo described the term #HODL. He went into futher detail to what bitcoin is currently used as and considered it as a commodity.
Their biggest worry was if the ICO's are registered as a security, and offer protection for its investors. Scams are on high priority as more regulations are made. They do say that blockchain technology is worth value and its hard to separate bitcoin from it. Overall this meeting went well for cryptocurrency as a result amount all of the market has had a bullish recovery.
The positive outlook has guaranteed that cryptocurrency has a long term future. This is great news for the digital asset exchanges! I currently have seen steady profit returns from kucoin's unique dividend program and I am looking forward to my porfolio growth expanding exponentially! https://www.kucoin.com/#/?r=28Q6P
Some potential exchanges taken advantage of this technology. Robinhood had over 1 million signup on its waiting list
Mike novogratz raised 250 million dollars for his new hedge firm Galaxy Digital when the market took a dive to its lowest point. This shows that even the rich believe in the utility and technology of the blockchain.
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