Gary Gensler has had many negative views on the crypto market, including the fact that ICOs must comply with investor protection regulations, exchange trading is not accepted, and strict supervision of funds. crypto investment and many other crypto-related matters. The actions of the SEC could impact the price of the crypto market. When the SEC or other financial regulators issue new regulations, they can affect the purchase, sale and use of cryptocurrencies, and in turn affect their prices. Investors will reassess the risks and returns of investing in cryptocurrencies, and this may drive down their prices.
It is not possible to make an accurate prediction as to how the crypto market will change as the prices of cryptocurrencies depend on a variety of factors, including the influence of services and products. new product, widely accepted and used by users. But seeing how they are SEC showing power regarding crypto, sometimes it makes me really laugh, when they can make a list of different cryptocurrencies and say they are securities, then there will be one day they declared bitcoin as a security.