Third generation cryptocurrencies bearing the brunt of US regulatory scrutiny

Published by
City AM

By Darren Parkin Altcoin markets have had a rough weekend as regulators in the US continue to apply the pressure. Cryptos like MATIC (Polygon), AVAX (Avalanche), SOL (Solana) and ADA (Cardano) are each down more than 20% over seven days. The Securities and Exchange Commission (SEC) has specifically identified these and a few other cryptocurrencies as securities, saying they should be regulated as such. The sell-off seems to have eased for now as the price of ADA has ticked up by 6% in the last day while other affected markets continue in the red, but less so. Bitcoin is trading flat in this en…

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