Crypto Price Pullback Investigation: The SEC May Be Behind It All As It Enhances Hunt For Security ICOs And Exchanges Delist Coins
During the past few days, we’ve witnessed some pretty strong bulls in the crypto market. The online publication notes that the SEC has always had its eyes on ICOs hosted on the blockchain. Smartereum writes that ever since the bulls from 2017-2018 the attention that the SEC gave to the industry has intensified because there were many scam ICOs.
They also wrote that the recent price correction is due to the SEC cracking down on exchanges. They cite data from Bitcoinist saying that the exchange delisted nine cryptos for the US customers. “Poloniex to stop offering trading of 9 assets to US customers.
On Friday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US.” Smartereum makes a positive prediction as a conclusion and says that the bulls will be back after this correction.
