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The Most Important Bitcoin News of the Week: SEC Statement

Today when reading the morning headlines, I noticed the following three articles, all expressing skepticism about the current state of bitcoin growth - all from sources that have been typically fairly 'pro' bitcoin:

Wired: BitCoin is Soaring - Here is Why It's Not Ready for the Big Time 

Ars Technica: I used to be a bitcoin bull—here’s why that changed

Preethi Kasireddy: Fundamental challenges with public blockchains

These all discuss a number of technical challenges to BitCoin and are all very well written and worth the read. However, not one of them mentions the single biggest thing to happen in BitCoin news this quarter, which is the statement from SEC Chairman Jay Clayton released as of this Monday, December 11, 2017, entitled:

Statement on Cryptocurrencies and Initial Coin Offerings

A few choice tidbits:

Tokens and offerings that incorporate features and marketing efforts that emphasize the potential for profits based on the entrepreneurial or managerial efforts of others …