Hearing finished. I saw the whole thing...recaps:
- SEC underfunded, and under staffed. They need more help in even thinking of regulating exchanges
Clayton: "Patchwork not sufficient to address international market." "Markets have become truly global...becomes a challenge with regulation."
- SEC main purpose is to stop shady icos. 4billion was raised last year and NOT ONE registered with SEC (LOL)
- Warner mentions how blockchain is transformational, just like wireless cell phones. predicts 22trillion space 2020
- They mentioned the term HODL. LOL
- Kennedy stating that we have too many disclosures on Bitcoin. Maybe we don't need any? Free market.
Overall, the sentiment I got is BULLISH. There were nothing that struck FUD during the whole dialogue. In fact, it seemed there was alot of interest in the space, and SEC validating how BIG this actually is. "BIG enough, to where we need to pay attention"
*** DO YOU FELLAS. You already know what i'm doing.