Veteran dealer and CEO of Issue LLC Peter Brandt, in response to a sequence of tweets from funding strategist Raoul Pal, acknowledged that the hardline the U.S. regulators have been taking over cryptocurrencies might “weigh on costs close to time period.”
What Occurred: Brandt was responding to a sequence of tweets from Pal on Tuesday during which he laid down his ideas on the U.S. Securities and Change Fee’s transfer on cryptocurrencies akin to Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and others.
See Additionally: How To Purchase Dogecoin (DOGE)
Pal mentioned it’s clear to him that SEC Chair Gary Gensler is “laying down the toughest case he can for regulation of digital property.”
“My view is that in the long run, we are going to get new securities legal guidelines for digit property and that they are going to be cheaper, sooner, fairer and