The crypto-currency Market showed a reversal after the two leading regulators of the US market signaled, albeit a cautious approach to regulating the crypto currency, but in a very positive context during the hearings in the US Senate on Tuesday.
Chairman of the Securities and Exchange Commission (SEC) Jay Clayton and Commodity Futures Trading Commission (CFTC) J. Christopher Giancarlo addressed the Senate Committee on Banking, Housing and Urban Affairs for more than two hours, providing prepared comments and responding to sharp questions.
Clayton and Giancarlo largely adhered to the previously voiced scenario during the hearing, calling for a “carefully adapted” regulation of crypto-currency transactions at the federal level, but warning lawmakers that one can not act too quickly or harshly.
It is noteworthy that Giancarlo finally voiced an optimistic view of crypto-currencies in conjunction with the technology of blocking. He very clearly reminded lawmakers that leading discussions on the topic of crypto currency should not be forgotten, “if there was no Bitcoin, then there would be no blockage.”
Traders reacted positively to the hearing, and the markets were characterized by a rise in prices for crypto-currencies both during the hearing and after its completion.
By the time the article was written, 24 hour charts for most large coins have become green, which allowed the markets to get out of the many-day dive into the red sea.
The price of bitcoin rose above $ 7,400.
Ethereum tops the top five and rose nearly 25% to $ 748. Ripple added about 17%. Cardano showed the dynamics of 20.88%.
Bitcoin Cash grew by 14.79% and crossed the level of $ 920.
The most significant growth in the second five showed NEO and NEM ranked seventh and ninth in the market, showing growth dynamics of more than 40 percent, which is the best result in the TOP-10.
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