🇺🇸 One SEC decision wiped out $42 billion from crypto. The SEC just delayed its plan to allow crypto versions of US stocks on regulated exchanges, and the crypto market started dumping on the news. Bitcoin is down -2.14%, wiping out $33.8 billion from its market cap. Ethereum is down -3.40%, wiping out $8.5 billion. $320 million in longs were liquidated in just 60 minutes. This decision is huge because if the SEC allowed this, it would have opened the door for trillions in traditional equity exposure to flow into crypto.