What the SEC giveth the market taketh away.
Yesterday, EOS looked poised to break out above $3.00 per token following news that the U.S. Securities and Exchange Commission had implicitly given EOS the green light as a non-security.
But now, that pump looks to have been short lived, as EOS has now fallen back under $2.90 per token to roughly $2.87, according to data from Messari.
EOS, however, had previously been pushing past its competition after Block.one, the company behind the crypto, settled charges with the SEC over its 2017 ICO that purportedly raised $4 billion. The fine? $24 million—a mere half percent of that raise. Read More...