According to @VanessaGrellet_, the SEC is aiming to update legacy regulations, including Reg NMS, to accommodate on-chain trading and Automated Market Makers (AMMs). The proposed changes focus on differentiating between intermediated and disintermediated activities, and promise clearer protections for software publishers. This regulatory shift could facilitate greater institutional and retail participation in DeFi markets, potentially increasing liquidity and legitimacy for key cryptocurrencies and decentralized finance protocols. These developments are likely to impact trading volumes and price volatility in the crypto sector, especially for DeFi tokens and platforms utilizing AMMs (source: @VanessaGrellet_).

According to Crypto Rover, traders who endured significant market downturns, such as BTC's fall from $69K to $15K, the collapse of LUNA, and multiple bankruptcies including Celsius and Voyager, have demonstrated resilience. Additionally, these traders have navigated through major events like the FTX collapse, Binance bank run, and extensive regulatory challenges from the SEC. This resilience is viewed as a potential indicator of future financial success, as surviving such volatility may prepare traders for profitable opportunities in a recovering market.