Peter Brandt, senior trader and CEO of Factor LLC, acknowledged in response to a series of tweets from investment strategist Raoul Pal that the strict line adopted by US regulators towards cryptocurrencies “may impact altcoin and Bitcoin prices in the short term.” he did.

Peter Brandt: Bitcoin and altcoin prices yellow may be affected in the short term

Brandt responded to Raoul Pal’s tweets on Tuesday. He revealed his thoughts on the move of the US Securities and Exchange Commission (SEC) on cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and others. Pal stated clearly that SEC Chairman Gary Gensler “presents the most difficult situations for the regulation of digital assets.”

SEC Chairman Gary Gensler.

Pal said in a thread of tweets, “In my view, eventually, we will pass new securities laws for cryptocurrencies, which will be cheaper, faster, fairer and much less burdensome for issuers.” The investment strategist noted that while the process will likely take years, the next 3 to 5 years in crypto will be “about identifying the signs of war and then reaching a big agreement on what it means to classify something as a security using the courts and lobbyists.”

https://twitter. com/PeterLBrandt/status/1440486268635209736

While Brandt agreed with Pal on his analysis and final outcome, he expressed the opinion that the war would affect the price in the near term. Cryptocoin. com

As we reported , on Tuesday Gensler compared cryptocurrencies to the Wild West and said “we can do better”.

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Michael Lewis


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