Cryptocurrency Podcast By Coin.fm - Bitcoin, Crypto And Blockchain News

Cryptos Down Amid Tightening Regulations and Pump and Dump Success - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News

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Sinopsis

      Episode #18 March 7th was one of the most active days we've seen in a while. The CFTC finally got it's ruling in Federal Court, the SEC made an official statement following up on subpoenas issued to ICOs, and Binance came down with a severe case of the bots. A U.S. district judge ruled in favor of the U.S. Commodity Futures Trading Commission's (CFTC) definition of cryptocurrencies as commodities, which the regulator has observed since 2015. However, in it's own statement, the SEC announced that it would regulate ICOs and that any exchange that allows investors to buy and sell securities -- ICO's included -- needs to comply with existing SEC rules for exchanges. Yep, that means getting registered with the SEC just like the New York Stock Exchange. So, wait a minute -- the SEC say cryptocurrencies in fact securities? or just the new ICO ones? Huh? Meanwhile a pump and dump scheme was orchestrated on ViaCoin on Binance using bots designed to execute trades automatically. This caused ViaCoin to ex