Analyst: Too Early to Write Off Bitcoin, SEC Had Negligible Effect on Crypto Markets32.38

As Bitcoin (BTC) fell further on Monday, finding itself under $5,000 in a first for 2018, industry savants quickly took to crypto’s side, in spite of the growing bearish sentiment. Surprisingly, a crypto-friendly partner at Washington, D.C.-based Anderson Kill, a centralized law organization, rushed to Bitcoin’s aid faster than many could utter “HODL.”

The Anderson Kill partner in question is Stephen Palley, who recently appeared on Bloomberg TV interview to lend his insight and tout his advocacy for cryptocurrencies. The Bloomberg host, touching on the U.S. Securities and Exchange Commission’s recent crackdown on Airfox and Paragon, asked Palley, a lawyer by trade, about the overarching “message” that the regulator was sending via its heavy-handed verdict.

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