The SEC backtracks on crypto, but the market does not react
After the collapse of the FTX exchange, the American SEC began a real war on crypto. Essentially, the agency claimed that most cryptocurrencies, excluding Bitcoin and perhaps Ethereum, should be considered unregistered securities. If this approach had been adopted, they would have had to be delisted from all centralized exchanges providing services to Americans.
Given that the USA market is by far the main one in the crypto field, this would have meant the end of many crypto projects, and probably also a sort of implosion of their market.
However, in the end, it was not so, because the SEC ended up backtracking on crypto and completely gave up its war.
