Chairman of the SEC Paul Atkins' speech tonight ended without providing any "boost" for the market as many had hoped. There was no new information on the ETH ETF, no commitment to easing regulations for stablecoins, just safe, generic words about "review, collaboration, and protecting investors." The crypto market reacted quickly: BTC prices could not break out, with the risk of a deeper correction as the previous Longs began to flee. Once again, an old lesson repeats: "News leads to sell-off," too much expectation leads to greater disappointment. The market may enter a short-term decline following this lackluster speech.
