All altcoins are set to be delisted, leaving only three coins on the platform:
3. Bitcoin Cash ($BCH )
Why the Delisting?
Altcoins are being removed because they are considered securities, raising concerns about whether other exchanges will follow. The SEC has been filing lawsuits against platforms for listing certain altcoins, so this move could signal increased regulatory pressure.
Gary Genslerâs Role
Gensler is known for his strict stance on altcoins, and with his potential bid for Treasury Secretary, it seems his focus on reducing the number of coins on exchanges will continue.
For those holding altcoins, this is a critical moment. The future of many altcoins is uncertain, and weâll be keeping a close eye on developments as they unfold.
Iâll share more updates as soon as possible.
#AltcoinStrategies #Altcoinseason2024 #CryptoMarketMoves #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR
