The Securities and Exchange Commission has been pretty quiet over the past few months. The silence of the agency has somewhat contributed to the short-term growth of the crypto market. The digital currency market recently saw a massive, sharp increase. The massive increase in the value of digital currencies signals the beginning of the next crypto bull run and Bitcoin bull run.
There have been lots of Bitcoin price predictions so far. Bitcoin and XRP price prediction 2019 seem to be in a more reasonable range than that of last year. The trigger of the next crypto bull run gives many digital asset investors hope that these Bitcoin price predictions might come to pass in the near-term. The question many digital asset investors ask in their pursuit for the best cryptocurrency to invest in 2019 is “will crypto ever recover?” While the next crypto bull run seems to have started, no one knows when crypto will fully recover. But crypto will definitely recover, according to some prominent analysts.
The search for the best cryptocurrency to invest in 2019 has been a pretty tough one. There are several things digital asset investors need to put into consideration. One of the things they need to consider is the security status of the asset.
XRP (XRP) and Ethereum (ETH) Are Under the Watch of the SEC
Since the massive crypto bull run and Bitcoin bull run in late 2017, the eyes of the US SEC has been in the crypto space. The SEC has been watching digital currencies very closely. Many digital currencies should be controlled using security laws, says Jay Clayton. Clayton is the chairman of the U.S. SEC. The chairman also added that these digital currencies fall under the security category.
After the late 2017 crypto bull run, the number of digital currencies in the crypto space increased. The number of digital currencies facing charges for selling unregistered securities also increased considerably. Sometime last year, the SEC declared that Bitcoin (BTC) is not a security. However, the agency did not say whether Ethereum (ETH) and XRP are securities.
This raised questions such as whether Ethereum (ETH) and XRP security? Will crypto ever recover, as the security status of ETH and XRP are not known? Many believe that a positive response from the SEC, clarifying XRP security, will trigger the next crypto bull run. However, the response of the SEC might also be bearish if it is negative.
SEC Is Hiring Crypto Experts to Address ETH and XRP Security Status
The SEC is currently looking for digital currency securities experts. The agency recently posted job offers on USAJobs. According to the post, the SEC is looking for digital currency experts in addressing security status for digital currency such as Ethereum and XRP (XRP). The selected applicant will hold the lead representative position in the FinTech Working Group with the SEC.
XRP (XRP) Price Today – XRP / USD
The recent action of the SEC has created a sense of concern in the cryptocurrency space. Now, almost all digital asset investors are starting to show more interest in the security status of digital assets. Though the SEC has said Ethereum and XRP are securities, this does not mean their journey is over. Provided Ethereum and XRP abide by the rules and regulations of the SEC, things will go smoothly for them. The next crypto bull seems to have started, and Ethereum (ETH) and XRP (XRP) are also on the train.