sources stability oversight council tether

6 One of the financial risks associated with investing that the EO identifies is cybersecurity and market failures at major digital exchanges and trading platforms that have resulted in billions of dollars in losses. The EO first asks federal agencies to look at protecting U.S consumers, investors, and businesses. What is the Executive Order Regarding Crypto? 5 Nonetheless, crypto is much more than the internet, and the EO seeks to legitimatize this new and exciting industry. WOOF! WOOF! Traditional companies have even jumped on the bandwagon by adding “blockchain” to their name to get a massive boost in their company’s share price. This is all very similar to what we’re seeing in crypto – the first major use case of Bitcoin was that of Silk Road, and excessive speculation in blockchain technology has led to most cryptocurrencies being extremely overvalued. The few companies that survived the crash became the most valuable companies in the world. Investor losses were estimated at around $5 trillion. As we all know, the internet boom led to companies being extremely overvalued and most of them became worthless.

4 Investors were making so much money that they were quitting their day-jobs and becoming day-traders – something that is all too common today with crypto investors. 3 Companies that added “.com,” “.net” or “internet” to their names saw their share price increase by 74% within several days of making an announcement. Between 1995 and its peak in March of 2000, excessive speculation in internet-related companies led to massive growth in the stock market. 2 It wasn’t until the Telecommunications Act of 1996 that the internet became recognized as a legitimate source of commerce. The world’s first online transaction was a drug deal in 1972. The history of cryptocurrencies has mirrored the early days of the internet and the. You must know the past to understand the present.

Sources stability oversight council tether