coingabbar.com
The US Securities and Exchange Commission's (SEC) recent classification of certain cryptocurrencies as securities has sent Algorand (ALGO) and Flow (FLOW) to all-time lows. Following the SEC's lawsuits against Binance and Coinbase, which saw 16 cryptocurrencies, including FLOW and Internet Computer (ICP), tagged as securities, ALGO and FLOW dropped around 30% in seven days. However, both cryptos have since slightly rebounded. Other affected cryptocurrencies, including Solana (SOL), Cardano (ADA), and Polygon (MATIC), have contested the SEC's classification, insisting that their digital assets are not securities under US law.