What happened: The SEC officially cleared most crypto tokens as non-securities.
Look, if you look at the data, 87% of these 'innovative projects' were literally just some dude in a Discord calling his gambling app 'the future of finance.' Now the SEC shows up like a disappointed dad and says 'fine, it's not a security, it's just stupid.' The market pumped 12% on this news because nothing says 'we're legit' like the government officially labeling your bags 'not quite illegal.' Congratulations crypto bros, your $600 million rugpull is now officially categorized as performance art.