Many people don't realize its power—this isn't just a simple bearish news, but a direct impact on fundamental demand. BMNR and SBET have relied on the ATM protocol over the past three months, issuing unlimited market-priced shares to raise funds and purchase over $10 billion worth of ETH. It's essentially like the U.S. stock market endlessly injecting capital into the crypto space. Of course, the SEC hasn't shut down this channel yet, just regulated it, requiring shareholder approval. The mid-to-long-term impact will depend on how BMNR and SBET handle it.