🇺🇸 A single SEC move erased $42 billion from the crypto market.
The SEC postponed plans to approve tokenized versions of US stocks on regulated exchanges, triggering a sharp sell-off across crypto markets.
Bitcoin fell 2.14%, cutting nearly $33.8 billion from its market value.
Ethereum dropped 3.40%, wiping out around $8.5 billion.
More than $320 million in long positions were liquidated within an hour as traders rushed to exit.
The delay matters because approval could have unlocked trillions of dollars in traditional stock market exposure for the crypto industry.
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