SEC’s Gary Gesler Announces Tougher Regulation on Cryptocurrencies 

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According to Tiffany J. Smith, a partner at the law firm WilmerHale, “We are going to see both the SEC and the CFTC using their current authorities to regulate the market as best they can.”

In the meantime, as Bitcoin value has skyrocketed by 300%, both amateur and professional investors have started buying and trading crypto, lured by the potential dividends. The market is marred by extreme volatility, and while it becomes “more legitimate” it will also attract the wrong people.