Ethereum News Update
It is no surprise that Ethereum prices fell 5.5% on Tuesday morning, given that U.S. senators will place cryptocurrencies under the microscope today.
More specifically, the U.S. Senate Committee on Banking, Housing, and Urban Affairs will hear testimony from two of the most important regulators on the planet: Jay Clayton of the U.S. Securities and Exchange Commission (SEC) and J. Christopher Giancarlo from the Commodity Futures Trading Commission (CFTC).
Together, Clayton and Giancarlo oversee cryptocurrencies within the U.S.
Both have launched lawsuits against shady crypto organizations, while also stressing the need for continued innovation. It is.
The post Ethereum Price Forecast: Crypto Hits 3-Month Low as Senate Hearings Begin appeared first on Profit Confidential.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-crypto-hits-3-month-low-senate-hearings-begin/ February 7, 2018 Gaurav S. Iyer, IFC