US SEC's Positive News Ignored, Crypto Market Slips Again!

TradingKey

AuthorBlock Tao

Aug 1, 2025 8:01 AM

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TradingKey – On Friday, August 1, the global crypto market shed over $150 billion, dropping 3.8% from $3.9 trillion to $3.75 trillion, despite a major regulatory win from the U.S. Securities and Exchange Commission (SEC).

Key losses across top assets:

Bitcoin (BTC): -3.2%, now trading near $117,740
Ethereum (ETH), Ripple (XRP), Solana (SOL): all down 6%+
Dogecoin (DOGE): -7.9%, reflecting broader meme coin weakness

Top 10 Crypto Price Changes – Source: CoinMarketCap

In a landmark policy shift, SEC Chair Paul Atkins declared that most crypto assets do not qualify as securities, launching Project Crypto to modernize U.S. securities laws for blockchain-native assets.

Key initiatives include:

Clear guidelines for token classification
Parallel trading frameworks for crypto and traditional securities

This marks a sharp departure from the Biden-era enforcement-first approach, signaling a more rules-based and innovation-friendly regulatory environment.

Despite the regulatory tailwind, the market continued to slide. However, according to Bernstein Research, this correction is not the start of a bear market, but rather a healthy pullback in an early-stage bull cycle.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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