Back in 2017-18, the entire Cryptocurrency and ICO industries have seen in a continued struggle ever since the U.S. SEC (Securities and Exchange Commission) declined the Winklevoss twins’ and other attempts of launching a bitcoin ETFs.
The SEC has finally published the much-awaited regulatory ‘Framework for Investment Contract Analysis of Digital Assets.’ While an important development in detailing the guidelines for issuing crypto-assets in compliance with federal regulations, the framework doesn’t appear to be exhaustive as cited by the SEC.
“The framework is not intended to be an exhaustive overview of the law, but rather, an analytical tool to help market participants assess whether the federal securities laws apply to the offer, sale, or resale of a particular digital asset,” as per the publication details.
Amid the largest hacking scam that has disappointed the entire crypto-industry at the world’s one of the leading cryptocurrency exchanges, at Binance, the reaction to this publication of the SEC’s guidelines has been mixed so far, long-awaiting clarities on the gamut of ICOs, IEOs, and other token models are yet to come from the regulatory perimeter and it seems to be taking some more time.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 111 levels (which is highly bullish), while hourly USD spot index was at -34 (mildly bearish), while articulating (at 14:09 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


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