Recently the S.E.C. stated it wants to have more of a role in the regulation of cryptocurrency. Tom Smith, Associate Professor at Emory University's Goizueta Business School, joins The Crypto Craze to discuss what that means for crypto traders and more!
Smith cites that the CEO of Ripple recently said we should stop thinking of cryptocurrency are currencies, but more as an underlying asset. Smith believes if people change their mindset, the market for cryptocurrency will change as well.
Plus, what's driving the recent volatility in Ripple? Smith says it's not as "sexy" as bitcoin and other currencies so people are confused by it. He urges the Ripple CEO to continue to speak out about what the currency is and what his goal is.