News Snapshot:
As Gary Gensler takes the helm at the U.S. Securities and Exchange Commission, the cryptocurrency industry is awash with questions. What will be the SEC’s new enforcement priorities? Which crypto project will be the next to receive a complaint? Will SEC enforcement actions catalyze the onset of the next “crypto winter”? While no one has all the answers, one repeated focal point is what impact SEC actions have on token prices. To analyze the impact, we carried out an analysis of how SEC announcements correlate with short-term price movements. The takeaway: Depending on the nature of the announcement, the SEC...
