Published On: Tue, Feb 21st, 2017

New SEC Agreement Pushes Bitcoin Price Higher to $1,100

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BTC price rose higher after positive news regarding the SEC and its new regulations that are expected to boost small Bitcoin businesses.
Building on ‘Productive Relationship’
A memorandum of understanding (MOU) between the US Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), signed Friday, will see the two bodies share information related to ensure new crowdfunding regulations are effective for small businesses.

The new rules will make it easier for entry-level businesses to raise funds via exceptions to restrictions governing intrastate crowdfunding.
“The agreement not only builds on an already productive relationship between the SEC and state regulators, it also offers additional insights and protections as we help companies grow and create jobs while providing new opportunities to investors,” SEC Acting Chairman Michael S. Piwowar commented in an accompanying press release.
Bitcoin Reacts with Relief
The move is generally seen as a beneficial step for cryptocurrency and Blockchain startups, with hurdles being removed for the US ecosystem to become more innovative and competitive.
Enthusiasm was reflected in continued Bitcoin support, the digital currency’s price crossing the $1,100 barrier once again.

“This agreement will strengthen collaboration among state and …

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