The crypto market remained unfazed on Wednesday shortly after the U.S. Securities and Exchange Commission clarified that most of the cryptocurrencies in the market would not be considered a security under federal law.
Summary
- The crypto market remained largely muted after the SEC clarified its framework for determining whether tokens qualify as securities.
- Bitcoin held near the $74,000 level while major altcoins showed limited movement, keeping total market capitalization around $2.61 trillion.
- Investor focus shifted to macro catalysts, with traders positioning cautiously ahead of the Federal Reserve’s rate decision and expectations for delayed rate cuts.