The most interesting thing about David Sacks' press conference was not what he said or didn’t say…
It was who showed up.
The majority of congressmen who spoke weren’t who you would expect. They weren’t SEC hawks. They weren’t banking industry watchdogs.
They were from agriculture and commodities.
That might sound random—until you realize what it means.
For years, crypto companies have begged to be regulated by the CFTC instead of the SEC. And now, it looks like they’re about to get their wish.
Why the CFTC? Their oversight is generally seen as lighter-touch and more adaptable to innovation.
(The CFTC’s mandate focuses on market integrity and fraud prevention, while the SEC imposes stricter disclosure and registration requirements.)
If crypto-at-large officially gets classified as a commodity, rather than a security, it means one thing: fewer restrictions, more innovation.
Meaning, the US government is about to do for crypto what it did for the Internet in the 1990s…
Give it breathing room to grow before regulating it into oblivion.
Point blank: the ink isn’t dry on the future of finance. And crypto just grabbed the pen.
Dismiss it at your own risk.
Now, yes… this crypto story is a BIG DEAL.
Author: Chris C.
Profits from free accurate cryptos signals: https://www.predictmag.com/
It was who showed up.
The majority of congressmen who spoke weren’t who you would expect. They weren’t SEC hawks. They weren’t banking industry watchdogs.
They were from agriculture and commodities.
That might sound random—until you realize what it means.
For years, crypto companies have begged to be regulated by the CFTC instead of the SEC. And now, it looks like they’re about to get their wish.
Why the CFTC? Their oversight is generally seen as lighter-touch and more adaptable to innovation.
(The CFTC’s mandate focuses on market integrity and fraud prevention, while the SEC imposes stricter disclosure and registration requirements.)
If crypto-at-large officially gets classified as a commodity, rather than a security, it means one thing: fewer restrictions, more innovation.
Meaning, the US government is about to do for crypto what it did for the Internet in the 1990s…
Give it breathing room to grow before regulating it into oblivion.
Point blank: the ink isn’t dry on the future of finance. And crypto just grabbed the pen.
Dismiss it at your own risk.
Now, yes… this crypto story is a BIG DEAL.
Author: Chris C.
Profits from free accurate cryptos signals: https://www.predictmag.com/
