⚠️⚠️⚠️ 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)
So, what does this mean?
1️⃣ Risk The delisting is due to the platform labeling other coins as "securities." This poses a significant risk. Could the SEC push other exchanges to follow suit? I haven't found concrete answers to this yet, but we know the SEC has taken similar actions against other platforms.
2️⃣ Gensler's Role Gary Gensler, who opposes the presence of too many coins on exchanges, may continue his efforts against altcoins. With Harris leading in the polls and Gensler eyeing the position of Treasury Secretary, this agenda might persist.
✅ Note Please refrain from making comments like, "You must be happy about this." I don’t have any altcoin investments, but I understand many do, and people losing money doesn’t bring me any joy.
I’m simply sharing this important development. I’ll provide more details as I learn them. Thanks for reading.