On alternative cryptocurrencies (Altcoins) such as Ethereum, Ripple, and others, major regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), have announced a postponement in the approval requests for these funds until further notice. This decision comes amidst concerns related to severe market volatility and the lack of maturity in the legislative framework governing this type of asset.
The authorities clarified that the decision aims to protect investors from risks of fraud or market manipulation, especially given the absence of clear mechanisms for monitoring altcoin networks compared to Bitcoin, which enjoys higher liquidity and broader regulatory interest. They also pointed to the need to assess the impact of these funds on financial stability, particularly in light of the sharp fluctuations experienced by cryptocurrencies this year.
On the other hand, the postponement has caused disappointment among a segment of investors who were expecting new liquidity to enter the "flipping" market, leading to a temporary decline in the values of some currencies by percentages ranging from 3% to 8% over the past few hours. However, experts believe that the delay may be an opportunity to develop clearer standards that enhance the trust of major financial institutions in cryptocurrencies.