Even though things looked rather dire for Bitcoin and other cryptocurrencies throughout the first few months of 2018, things are changing in favor of this growing industry. Silicon Valley backers are showing an increasing appetite for volatile cryptocurrencies. As such, they are demanding that the SEC not label this form of money as securities. That is a pretty interesting endeavor, albeit one that may not necessarily have a positive outcome. Silicon Valley Opposes Bitcoin Regulation Ever since Bitcoin and similar currencies began gaining traction, there have been endless debates regarding regulating this industry. Every attempt made so far has either been tooPowered by WPeMatico
