Crypto Sanctions
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Admin
August 08, 2022
Coin Craziness Presents ➡️ ➡️ ➡️ A sparsely regulated crypto universe continues to draw the attention of global governments.
The most recent story involves North Korea and the U.S. Treasury Department …
Here are the details.
Currently, the battle for U.S. oversight of cryptos is between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The most recent of 3 bills backing the CFTC was introduced on August 4. Here are more details on that subject.
Some enthusiasts worry regulation will dampen price volatility and therefore decrease profit opportunities.
This is a legitimate concern, but we can look to other markets for inspiration.
U.S. stock markets adhere to regulation laws and still promote a $40 trillion industry. And that's just within the U.S.
We're confident there will be many opportunities to profit despite incoming regulation.
Last crypto letter we spoke about Meta Platforms Inc.'s (NASDAQ: META) impact on a token called FLOW/USD .
And since Friday, it spiked higher. A 69% spike so far …
It's consolidating sideways right now, we'll see if it can climb higher.
Big movements like these are the kind of volatility we're talking about when it comes to trading.
Now, there's a right way and a wrong way to trade this. Don't get stuck on the wrong side .
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