Title: Bitcoin and Ethereum dropping: Here's why cryptocurrency prices are crashing right now
Headings: Bitcoin and Ethereum dropping: Here's why cryptocurrency prices are crashing right now
Bitcoin and Ethereum dropping: Here's why cryptocurrency prices are crashing right now
June 15, 2017, 12:00 p.m. E.S.T.: This story has been updated.

Content: But he also said there are likely other pressures on cryptocurrency prices at the moment, including media reports about a series of hacks that included two of the major exchanges. "One of the big drivers in blockchain is trust," Bratskeir said. " When stories like this come out, it’s bad for trust." There's more than bad press at play, however. Cryptocurrency proponents are also worried about a bipartisan bill being introduced in the Senate by Iowa Sen. Chuck Grassley and California Sen. Diane Feinstein called the Combating Money Laundering, Terrorist Financing and Counterfeiting Act." Bitcoin.com called the bill a "pit bull assault on bitcoin freedom," because it would treat digital exchanges more like banks, subject to greater reporting requirements. The bill was introduced on May 25, but has not advanced to a vote. "We're gonna see a lot of roller-coastering until Aug. 1," Phillip Alexeev, a cryptocurrency investor and head of growth at Sketchfab, told Mic. Why Aug. 1? That's the deadline that's been set by a group of bitcoin traders to implement something called Segregated Witness, a "protocol upgrade" that would keep the currency more decentralized.