Crypto Crash Looming? SEC Might Label All Cryptocurrencies Except Bitcoin as Securities

The United States Securities and Exchange Commission (SEC) has intensified its altcoin crackdown, with Bitcoin narrowly escaping the regulator. The SEC Chair Gary Gensler has time and again argued that cryptocurrency projects that participated in initial coin offerings (ICOs), initial DEX offerings (IDOs), and initial exchange offerings (IEOs) are to be considered a security.