This week the SEC released a document, and today $SIGN rose 13.5% and entered the top gainers list—I want to talk about the relationship between these two things.
On March 17, the SEC and CFTC jointly released a document explaining the classification of crypto assets. SEC Chairman Atkins stated:
"We are not the Securities and Everything Commission, anymore."
Today, March 22nd, $SIGN rose by +13.50%, entering Binance's top gainers list.
I'm not sure if today's price increase is pricing in this document. But the timing is certainly worth considering.
The most direct benefit of this document to @SignOfficial is not the classification framework itself, but this one point: