On alternative cryptocurrencies (Altcoins) such as Ethereum, Ripple, and others, major regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), announced a delay in the approval requests for these funds until further notice. This decision comes amid concerns regarding severe market volatility and the lack of maturity in the regulatory 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 to monitor alternative cryptocurrency networks compared to Bitcoin, which enjoys higher liquidity and broader regulatory interest. They also highlighted the need to assess the impact of these funds on financial stability, particularly in light of the sharp fluctuations that digital currencies have experienced this year.
On the other hand, the delay has caused disappointment among some investors who were expecting new liquidity to enter the "flip" market, leading to a temporary decline in the values of some coins by percentages ranging from 3% to 8% in recent hours. However, experts believe that the delay might present an opportunity to develop clearer standards that enhance the confidence of major financial institutions in digital currencies.