Crypto market is crashing because almost all the cryptocurrenc | Techno Vas

Crypto market is crashing because almost all the cryptocurrencies other than Bitcoin and Ethereum are securities as per SEC.

If proven then these crypto currencies need to submit the data mentioned below in the image form every quarter with the US government.

If SEC wins then 2 case scenarios will arrive:

1) Crypto companies register themselves with SEC and provide all info, work as registered company like any other in highly regulated environment. It will be very difficult for existing models of projects like Polygon, Solana etc.

2) Crypto companies move out of US, in that case US residents wont be allowed to deal in those assets. No US exchange will allow those assets to get listed on crypto exchange in US. Crypto companies will loose a market like US and they will face liquidity crisis in term of trading, funding from VCs.

Scenario 2 is most likely to happen and we are already seeing:

* Market Makers exiting the market.
* US exchange delisting crypto.
* VC not funding new and existing projects.