SEC Commissioner Proposes 3-Year Safe Harbor for Token Sales – February 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,826

Bitcoin continues to push toward the $10,000 mark, as price action looks poised to break through local highs.

Top-20 altcoins performed well today, as Ethereum gained 5%, Binance Coin 6%, and Tezos 4%.

Top Stories for February 7, 2019 πŸ”₯

πŸ‘‰ SEC Commissioner Proposes 3-Year Safe Harbor for Token Sales

SEC Commissioner Hester Peirce has proposed a multi-year safe-harbor period for token projects, to allow them to develop before being regulated.

If successful, the safe harbor would allow projects three years to achieve a satisfactory level of decentralization, and rule the tokens safe from SEC evaluations such as the Howey test.

πŸ‘‰ Japanese Lawmakers Call for G7 Digital Currency Discussion

According to reports, Japanese lawmakers are pushing for digital currencies to be placed on this year’s G7 agenda.

One Japanese official has expressed concerns that the rise of China’s digital Yuan may threaten the US dollar’s dominance, and greatly alter global financial relationships.

πŸ‘‰ Coronavirus Forces Bitcoin Mines to Shut Down

Chinese authorities have forced a Bitcoin mining operation to shut down, citing the coronavirus epidemic.

Jiang Zhuoer, an operator of the BTC.Top mining pool, stated on social media that police forced the closure of his mine in a remote Chinese suburb.