Don't buy a word from (SEC)
Let's be honest, we already have several time they always prohibited crypto and then do the opposite. IMO, I never believe anything these type of news from (SEC). The same things like (CHINA) ban Cryptocurrency.
The news is being used over and over again especially on the bull-run momentum.
Indeed SEC always have been playing with investors through these kinds of news. I would say these kinds of news are just for the trap you also may have experienced they used to do different things according to what statements they give. I mean opposite thing happens when they give any statement (not all the time)
A few days ago, They played game by saying on Twitter that the SEC had approved the Bitcoin ETF and we noticed the market was bullish and after some time they gave the statement that Their account had been compromised like what rubbish haha.... well, anyway I would say just don't do quick action on what they say.
That play was discussed, I think this is quite normal because this issue is really an important event proud that the SEC did that and not against everyone's wishes, and now the market is in the starting stages but still needs time for things to really go into a new cycle. It can be speculated a bit that the bitcoin price momentum has increased since this news was rumored, and after its approval, it must be understood that it is a way to create liquidity for those who came first. It's always a financial game, where those who come early and use their ability to direct attention, although I don't have too much hope, between now and halving 2024 we will still witness many SEC-related dramas many
