SEC, CFTC Breathe Life Into Floundering Crypto Market300.7

The discourse came at a crucial juncture, as the overall cryptocurrency market endured a spiraling sell off which saw Bitcoin reach lows below $7,000, a figure not seen in over five months. China has reiterated it's zero-tolerance of cryptocurrency, India's regulatory stance has been taken badly, and a number of mainstream banks have ruled out cryptocurrency purchases with credit cards. These developments culminated in a highly volatile, selling-spree in the cryptocurrency market. With regulatory bodies like the CFTC and SEC promising to foster environments conducive to the growth and development of legitimate cryptocurrencies, fears have been allayed.
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