Just last week, the US Comptroller of the currency \u2014 a highly consequential financial regulator \u2014 revealed that while regulation for bitcoin and cryptocurrencies is in the works, they\u2019re \u2018very focused on not killing this.\u2019Meanwhile, bitcoin\u2019s Stablecoin Supply Ratio (SSR) suggests that sustained upside for bitcoin and other cryptocurrencies is probably here to stay.We\u2019re all going to to make it.Let\u2019s dig in.Comptroller of the Currency Brian Brooks: \u2018Nobody is going to ban bitcoin\u2019Acting controller of the US currency, Brian Brooks made history last week when he confirmed that new regulations on cryptocurrencies are up and coming bu that \u2018nobody is going to ban bitcoin.\u2019Coinbase CEO Brian Armstrong warned of the downsides of potential regulation last month in a Twitter storm.Amidst the flurry of tweets, the CEO said with reference to potentially crippling regulation: \u201cThis would be bad for America because it would force U.S. consumers to use foreign unregulated crypto companies to get access to these services. And long term, I believe this would put America\u2019s status as a financial hub at risk.\u201dHowever, these concerns were downplayed by one of the United States\u2019 top financial regulators, who last week said that new regulations on bitcoin and other cryptocurrencies were coming but that these regulations would not be disruptive.Specifically, the regulator stated: \u201cWe\u2019re very focused on getting this right. We\u2019re very focused on not killing this\u2026 and it\u2019s equally important that we develop the networks behind bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.\u201dStablecoin Supply Ratio remains at bullish levelsBitcoin\u2019s stablecoin supply ratio (SSR) denotes the ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC.When the SSR is low, the current stablecoin supply has more \u201cbuying power\u201d to purchase BTC. It serves as a proxy for the supply\/demand mechanics between BTC\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Just last week, the US Comptroller of the currency \u2014 a highly consequential financial regulator \u2014 revealed that while regulation for bitcoin and cryptocurrencies is in [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2943"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=2943"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=2943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=2943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=2943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}