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RE: Breaking -- SEC Crackdown on ICO's -- Tokens now subject to Federal Securities Law. -- this is the reason for the drop
I don't think so . The real thing for the market is bitcoincash.org statement. The Sec just mentioned that US citizens would have problems with ICO , but most of ICO suggested for US citizens not to be involved. They said just the good news that those who participated wont be punished :) I understood it like this.
Thank you for that update... :-)