It will delist all altcoins on its platform.
There will only be 3 coins:
1- Bitcoin (BTC)
2- Ethereum (ETH)
3- Bitcoin cash (BCH)
So what does this mean?
1️⃣ Risk
According to the statement in the agreement, other coins are being delisted because they are 'security'. This means a serious risk. So will the SEC force other exchanges to do the same?
I haven't found anything related to this important question yet. But we know that the SEC has filed similar lawsuits against other platforms. We also know something else:
2️⃣ Gensler
Gary Gensler doesn't want to see too many coins on exchanges.
When we read together that Harris has been ahead in the polls recently and Gensler's dreams of becoming Treasury Secretary, it seems like Gensler will continue to deal with altcoins.
✅ Please
Please do not make ridiculous comments like 'Teacher, you must be happy now'. I do not have an altcoin investment but I know many people do. People losing their money does not make me happy.
It cannot.
I am just trying to convey this development correctly. I will write more details if I learn them.
Thanks for reading
