Quote from: squatter on December 23, 2017, 02:38:18 AM

Quote from: scanpay on December 23, 2017, 01:10:29 AM

The U.S. Securities and Exchange Commission (SEC)s investigation over shady behavior in the cryptocurrency market will only continue, said former chairman Harvey Pitt.

I'm pretty disappointed with CNBC's recent coverage. In line with their recent coverage of Bitcoin vs. Bitcoin Cash (including giving Roger Ver multiple interviews to promote his agenda), they are blurring the line between cryptocurrencies and stock scams associated with them. Everything the former chairman referred to pertained to initial coin offerings (ICOs) and stocks of companies that are exploiting the current market hype. I don't see anything here about legitimate mined or minted cryptocurrencies.

While many of us in the Bitcoin community are more biased against the government (me including), we also have to face that in any industry especially a very booming and blooming like cryptocurrency there will always be scam artists and these people should be controlled if not totally weeded out. The government must be doing their job of guiding people so they could not be victimized by these scammers. An ICO project which can prove itself to be legal and above board has nothing to be afraid of and in fact if a project can get the official nod from the SEC then much better. We have to be concerned with new people coming into this industry just joining thinking that we have the magic wand that can convert a stone into money fast...these people have to be educated on the ins and out of cryptocurrency and the inherent risks here. I think this kind of a dramatic dynamism between the government agencies and cryptocurrency will go on as long as the industry is existing and as long as there will be people who are constantly planning on how to defraud other people as many as they can.