9.5 Major Bearish News: SEC Regulates Crypto Stocks 1. Yesterday, the SEC required crypto stock issuers to obtain shareholder approval before issuing new shares to purchase cryptocurrencies. Nasdaq went up, but crypto stocks plummeted across the board. 2. Over the past two months, three major factors have driven ETH's rise: crypto stocks, ETFs, and BTC rebalancing. Crypto stocks bought over 2 million ETH between June and August, almost on par with ETFs. 3. The new regulations will significantly slow down coin accumulation, at least in the short term, while the mid-to-long-term impact remains to be seen. 4. This will also sharply lower short-term expectations for an ETH rebound.