Ethereum price takes a knock ahead of rumored US regulators meeting

May 7, 2018 Mix


The price of Ethereum has registered a five-percent drop in price over the past day – and the most likely reason is the rumored meeting where US regulators are scheduled to discuss the most appropriate way to classify the cryptocurrency. Last week, The Wall Street Journal reported that officials from the Commodities Futures Trade Commission (CFTC) and the Securities and Exchange Commission (SEC) will convene to debate whether certain cryptocurrencies should be regulated as securities. The meeting, which will purportedly take place today on May 7, has become a hot topic among the cryptocurrency community – especially because crypto-traders speculate…

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