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The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are some scary groups. They probably have the power to decimate parts of Bitcoin with the stroke of a pen. Of course, they don’t legitimately have that power, but we sheeple concede that power to them in our imaginations.

Fortunately, those regulators had some nice things to say about Bitcoin at their hearing the other day. And in response, the Bitcoin price rebounded a bit. And lots of people – from some randos on Twitter to the Winklevoss twins – reacted with crypto optimism.

But the real questions is: Do we care? We know Bitcoin regulation is kind of a joke, but any laws created by these people would likely have serious repercussions. Like I said, we give them tons of power in our imaginations.

In this episode, we’ll share more details on the hearing and our response to those tough questions. We’ll also chat about some similar Bitcoin legislation going down in Nebraska and Hawaii and how you can work against it.

Check the list below for some of the specific stories we’ll cover and catch the livestream tonight at 9PM Eastern. See you soon!

Your hosts this week are Daniel Brown, Tim Baker, and Zack Voell. Don’t forget to visit http://ymb.tc/e226 so you can keep up with our open tweet lines, vote in this week’s Bitcoin poll, and share your thoughts in the comments!

Every click helps. If this Bitcoin podcast was interesting, entertaining, obnoxious, or anything else, use the share buttons to let others know that it exists.

We’d also like to thank this episode’s sponsor, uKit AI. Head to https://ukit.ai to learn how uKit automatically optimizes websites and how you can get involved!

Tips appreciated: 1Kiy8x4pwMS7RQuH7xDeVcfqeup7gUTqA

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discussions

  • This is the one I use http://preev.com just because t is simple and tells you what you need to know

    Jump to Discussion Post 11 replies
  • Hi All, Does anyone on here know of any websites or apps where you can earn or make bitcoin? The reason I ask is because I hear about people who were conned out of earning bitcoin so just to ask if you know of any genuine websites and apps?

    Jump to Discussion Post 0 replies
  • And we thought we were excited when ETH was 2.00 USD per ETH. 10 USD and up! Market cap is larger than all other crypto-currencies combined (minus BTC). Wouldn’t be surprised to see some pullback for a bit while short term traders take profits. https://coinmarketcap.com/currencies/ethereum/ https://coinmarketcap.com/      

    Jump to Discussion Post 9 replies
  • Check out our new video on OpenBazaar. http://youtu.be/w4vtUPJEmqg Decentralized markets, along with Bitcoin, could usher in a new era of free trade.

    Jump to Discussion Post 6 replies
  • So… I originally didn’t have enough bitcoin to make it my preferred method for my Liberty.me subscription payment, but now I’d like to change and I can’t see any way to in my control panel or find the documentation on the site (if there is any; I’m assuming). A little help would be much appreciated! Grazi!

    Jump to Discussion Post 4 replies