CandleFocus

Election uncertainty may put market certainty on the back burner

Author: Content Editor
The Empire newsletter's Jason Yanowitz believes that the bullish rally in the crypto market may not occur until January or February, citing potential uncertainty related to the election results. Yanowitz highlights that both sides are preparing to contest the election, which could delay the declaration of a winner and subsequently affect market certainty. Furthermore, the Securities and Exchange Commission (SEC) has issued a Wells notice to crypto company Immutable, targeting the listing and private sales of its token, IMX. While a Wells notice does not guarantee a lawsuit, it serves as a warning that an investigation has been conducted. Immutable expressed frustration at the lack of clarity from the SEC, stating that they received minimal explanation about the investigation. The SEC's continued involvement in the crypto sector, as evidenced by the Wells notice, suggests that more notices and settlements could occur during a potential bull market.

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