What problems will arise after the plunge?

The SEC's thunderous measures may result in huge fines and high-level legal liabilities, and may even force companies to "close themselves off" in the US market.

If found illegal, the core functions of platforms such as MetaMask (such as staking and token exchange) may face the fate of being forced to close or drastically adjusted.

SEC Chairman Gary Gensler has made it clear that most cryptocurrencies are considered securities, so they may face more intense law enforcement crackdowns in the future. Recently, the SEC has taken action against well-known crypto companies such as Coinbase and Binance, setting off a storm in the industry.

Industry impact: This regulatory trend may force more crypto projects to make a difficult choice between compliance and exiting the US market.

If the SEC cracks down on crypto projects extensively, the market may fall into turbulent fluctuations, investor confidence may be hit hard, and the prices of multiple projects may fall sharply.

Multiple projects may be forced to exit the US market, which will lead to a shrinking market size, a sharp drop in liquidity, and unprecedented challenges for the crypto market.

Although it may cause panic in the short term, in the long run, this intense regulatory environment may push the crypto market towards a more compliant and mature direction, laying the foundation for the healthy development of the industry in the future.

The definition and regulation of securities make issuing tokens in the United States complicated and risky. Legal compliance is currently the main factor that prevents more people from freely issuing cryptocurrencies in these countries.

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