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Cryptocurrencies are facing a tough day as BTC struggles to maintain its value above $108,000, while altcoins experience losses exceeding 5%. Although peace negotiations between Russia and Ukraine are resuming, growing trade tensions with China are worsening risks in markets. The future remains uncertain, and important insights were shared today by SEC Commissioner Hester Peirce regarding the crypto space.
Tokenization and the SEC
Tokenization presents a significant growth opportunity for Ethereum 
$3,093 and other networks. This sector is expected to reach a market size of trillions of dollars within a few years. Many major financial companies have already started their pilot programs. Notably, giants like BlackRock have seen their tokenized U.S. bonds surpass billions of dollars in market value.
SEC Commissioner Hester Peirce stated that the SEC is focusing on guidelines for token distribution rules and crypto custody services. She emphasized the institution’s intention to work with Congress on legislation affecting the cryptocurrency industry, aiming to implement supportive regulations without leaving any gaps.
Turning to the topic of tokenizing real-world assets, Nasdaq has already sought permission from the SEC for tokenized securities sales. This indicates that major U.S. exchanges may soon establish crypto-based stock markets.
Crypto ETF Approvals
The U.S. government has entered its second week of shutdown, with no resolution achieved today. This shutdown began at a particularly bad time for cryptocurrencies. With ETF approvals highly anticipated, the absence of functioning government institutions has halted these approvals. The new SEC management has prepared the framework necessary for altcoin ETF approvals, and it is expected that approvals may occur once the shutdown ends.
Known as the “Crypto Mom,” Hester Peirce also addressed privacy concerns, stating, “We don’t want to live in a world where the government knows everything. We’ve seen many instances where government power could be misused. Therefore, we need to think about protecting ourselves.”
DOGE continues trading below $0.19, with BTC losing its $108,000 mark and ETH below $3,900. The U.S. markets are declining, and the resumption of talks between Russia and Ukraine has had little effect. With tomorrow being Friday, there is potential for further negative sentiment over the weekend, prompting investors to mitigate risks.
