According to Alexis Roussel, a co-founder of Bity, a cryptocurrency broker in Switzerland, trading with bitcoins and ethers, and managing a network of Bitcoin ATMs, “altcoins, especially tokens (or any non-utility token) will face pressure from the regulators.”
He stated:
“We will see delisting of tokens, and qualification of some of them as securities. The whole token market will suffer of regulatory pressure and lawsuits like the tezos one. Enough fresh investments coming in the market from traditional financial sector that has little visibility in the market and that has a tendency to throw money to anything that is “blockchained” or “ICOed” could offset this downward pressure on Alts.”
https://coinidol.com/altcoins-face-pressure-from-regulators/
