After the conclusion of the Grayscale-SEC case, the only cryptocurrency approved by the SEC rose to the top.
Grayscale’s victory in its lawsuit against the SEC set cryptocurrencies on fire. Dozens of altcoins have increased significantly. However, one name among them managed to surpass all of them and take the first place. Stacks (STX), the only cryptocurrency that has received approval from the SEC so far, reached the top with an increase of 17.74 percent in the last 24 hours.
SEC defeat fuels Stacks (STX)!
STX, which came back to the agenda even though the SEC was defeated, became the coin that gained the most value of the day, increasing by nearly 20 percent in a very short time. SEC, which has been at odds with many stock exchanges and institutions lately, has begun to fade into the background with the power of Ripple and Grayscale. Finally, the regulator, who lost the Grayscale case, gave the green light to the cryptocurrency market.
The SEC, which is trying to gain control over the crypto industry while regulatory pressure has increased so much, has been shaken by the Grayscale victory. BTC, which accumulated around $26,000 before the outcome of the case, rose directly to $28,150 with the news effect, recording an increase of nearly 8.50 percent.
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