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RE: Why U.S Restrictions on ICOs and Exchanges Is Likely
It does seem like the general market was expecting a much more negative reaction, and the release of the statements a day before(on Reddit) colored the narrative. Right now people have some idea on their mind of scam ICOs that will be hit with this and believe that the project that they back will not be because it is 100% legit. The effect will really be felt with once some more specific information is given, or action is taken.
Perception is everything.
HaHa! So true... it is everyone else that is investing in scam ICO's. Mine are 100% legit! Accordingly, regulations are great as long as you keep regulatory hands off my ICO.
This might be the case, but I think it is worth noting that even "good" regulation often has negative implications on price in the short-term (whenever these regulations eventually manifest themselves).