Crypto blood bath: in the past 24 hours, the tokens of prominent blockchain networks experienced a significant decline of over 20%. This drop occurred in the midst of a potential risk-off situation, which follows closely after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against crypto exchanges Binance and Coinbase, accusing 13 tokens of being securities. In this Crypto Town Hall Twitter Spaces, we explore what has happened and what it means for crypto. 

Crypto Town Hall is a new daily Twitter Spaces hosted Scott Melker, Ran Neuner & Mario Nawfal. Every day we discuss the latest news in crypto and bring the biggest names in the crypto space to share their opinions.

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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.