MANA Coin

MANA Price Crash: Regulatory Pressure Mounts

While Bitcoin is classified as a commodity by U.S. regulators, SEC Chair Gary Gensler has long asserted that most other tokens fall under the agency’s investor-protection laws. Gensler advocates for trading platforms to register with the SEC, signaling a stricter stance on cryptocurrencies. The labeling of specific tokens as unregistered securities represents a tougher approach as regulators crack down on digital assets, following a challenging 2022 and notable incidents such as the FTX exchange’s bankruptcy.

MANA Price Crash: Tokens Face Uncertain Future

The intensified regulatory scrutiny and potential designations of tokens as unregistered securities have created a climate of uncertainty within the market. Such designations may result in tokens becoming harder to trade if exchanges shy away from listing them due to fear of regulatory consequences. The recent decision by Robinhood Markets Inc. to drop Solana, Cardano, and Polygon from its platform starting June 27 adds to the prevailing unease surrounding various tokens.

https://cryptoticker.io/en/mana-price-crash/