Important news for altcoins!
All altcoins will be delisted from the platform, leaving only three coins:
1- Bitcoin (BTC)
2- Ethereum (ETH)
3- Bitcoin Cash (BCH)
What does this mean?
Risk: According to the statement in the agreement, the other coins are being delisted because they are considered "securities." This poses a significant risk. Will the SEC pressure other exchanges to follow suit? I haven't found a clear answer to this critical question yet, but we know the SEC has filed similar lawsuits against other platforms. Another important point:
Gensler: Gary Gensler is not in favor of having too many coins on exchanges. With Harris leading in recent polls and Gensler’s ambitions of becoming Treasury Secretary, it looks like he will continue his focus on altcoins.
Please: Let’s avoid comments like "You must be happy now." I don't have any altcoin investments, but I know many people do, and their losses don't bring me any joy. I'm simply sharing this development accurately. I’ll provide more details as I learn them.
Thanks for reading.