SEC Updates Crypto Securities FAQ, Bitcoin Slips to $83,363
- —SEC updated its crypto securities FAQ covering functionality, decentralization, staking and investment contracts
- —Bitcoin -1.59% to $83,363; Ethereum -0.63% to $2,674; XRP -2.86%, SOL -3.89%, DOGE -3.93%
- —24-hour liquidations hit $376.83 million, with $290.77 million (77.16%) in longs
- —Derivatives volume jumped 77.27% to $1.095 trillion; stablecoin volume rose 90% to $116.5 billion
Why it matters: The FAQ update carries no legal force, but it signals the SEC's continued tough stance and weighs on market risk appetite.
Source: TokenPost