🌟SEC abandons the definition of securities for crypto project tokens, will the altcoin market usher in a turnaround?
Yesterday, there was a big news in the cryptocurrency field! 👀The U.S. Securities and Exchange Commission (SEC) decided to give up asking the court to determine whether certain tokens are securities. This decision is of great significance to the entire industry.
🎤As we all know, the SEC has been suing exchanges such as Binance and Coinbase, mainly accusing them of trading a large number of unregistered securities, including tokens such as SOL, ADA, and MATIC. However, the SEC now chooses to withdraw the lawsuit and no longer asks the court to judge the nature of these tokens.
🧐This shift may indicate that the SEC's legal case against Coinbase is about to be withdrawn or cancelled, which is undoubtedly a positive signal for the entire cryptocurrency market. At the same time, the SEC's abandonment of the request for the court to prove whether these projects are securities, does this mean that Coinbase has achieved a phased victory in the legal proceedings?
📈Although this incident did not immediately appear and affect the altcoin market, it may become an important opportunity for the future surge in the altcoin market.
🎤 Therefore, if the SEC softens its attitude and paves the way for the legitimacy and development space of cryptocurrencies, the confidence of the market will be greatly boosted.
💬 I would like to hear your opinions. How do you think this decision of the SEC will affect the cryptocurrency market? Will it become the fuse for the outbreak of the altcoin market? Leave your opinions in the comment area!
