CFTC and SEC Testimony on Cryptocurrencies [pdf]

"Distributed ledger and other emerging technologies have the potential to further influence and improve the capital markets and the financial services industry. Businesses, especially smaller businesses without efficient access to traditional capital markets, can be aided by financial technology in raising capital to establish and finance their operations, thereby allowing them to be more competitive both domestically and globally. And these technological innovations can provide investors with new pportunities to offer support and capital to novel concepts and ideas."

"Said simply, we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and markets."

All things considered, this is a positive outcome for crypto making it an even better investment.

You won't ever be using an ECR20 token as a currency, its such an absurd concept -- Why wouldn't you just use the native ETH if you wanted to pay with coin?

Look to projects that did not raise money via ICO, look to projects that are global building payment infrastructure.

More power to you SEC, may your elite cyber division put all the bad money guys out of business.