SEC has placed it's eyes on BTC. (Click to find out what happened)

Hey gang!! Hope all is doing great this beautiful Tuesday, and i've got some news on the latest of the SEC. Nope its not about the Ripple vs SEC lawsuit, but somehting quite different.

.

.

.

.

.

.

.

.

Seems Gary Gensler, the director of the SEC is planning to add BTC to the Commodity Futures Trading Commission (CFTC) regulation, this commission is an independent agency of the US that regulates derivatives. This means that the SEC will have an eye out on BTC  because they believe its a commodity and the rest of the crypto will be considered securities. So gang this is the beginning of a long struggle but now its pointed at a right direction, crypto will be regulated and thus helping with having a more robust protection for all of us, investors and traders so we can no longer fall on the rug pulls or scam tokens. For example the Terra rug, the Celsius scam.

Perhaps its time those people who made millions out of peoples pockets pay the price and be set as an example.

Be well my friends and stay safe...

By Parth

Source: 

Do you think this is a step forward or a step backwards??

Drop a comment below of what you think of these news...

Your friendly cryptor, AndyHuerta.