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However, both Gensler and Lizarraga have recently announced that they will be leaving the agency in January.
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Meanwhile, Crenshaw — a crypto-critical commissioner who stood against the approval of Bitcoin ETFs — has just had her renomination vote postponed indefinitely, leaving her role at the agency up in the air.
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Meanwhile, Crenshaw — a crypto-critical commissioner who stood against the approval of Bitcoin ETFs — has just had her renomination vote postponed indefinitely, leaving her role at the agency up in the air.
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However, both Gensler and Lizarraga have recently announced that they will be leaving the agency in January.
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A warm Farcaster welcome to @theer613!
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A warm Farcaster welcome to @allte96ot!
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A warm Farcaster welcome to @jennyliver2298!
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A warm Farcaster welcome to @ameliaor281!
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A warm Farcaster welcome to @oliviaria459!
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A warm Farcaster welcome to @oliviaria459!
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A warm Farcaster welcome to @ameliaor281!
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A warm Farcaster welcome to @jennyliver2298!
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A warm Farcaster welcome to @allte96ot!
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A warm Farcaster welcome to @theer613!
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Investors likely reacted negatively to the dropping value and market activity of tokens within the Solana ecosystem, resulting in the drop in SOL price.
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Moreover, the overall market capitalization of all Solana-based tokens dropped from $361.8 billion on Dec. 9 to $342 billion on Dec. 10. The total trading volume increased by 137% in the past 24 hours, reinforcing the intensity of the sell-side activity.
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Solana’s bearishness on Dec. 10 coincides with an ongoing correction in the prices of tokens built on its network. Most are posting significant daily losses, as shown in the figure below.
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“Bitcoin is failing to consolidate above $100K, likely suppressing buying in the overall market, “ FxPro chief market analyst Alex Kuptsikevich said in response to today’s corrections in the crypto market.
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Similarly, the total crypto market cap has dropped by 4.5% over the last 24 hours to rest at $3.46 trillion at the time of publication.
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