The content discusses several negative developments in the cryptocurrency industry. Firstly, the SEC postponed the decision on approving a Bitocoin spot ETF, despite Grayscale’s victory. Secondly, the United Kingdom has implemented the Travel Rule, which requires crypto asset businesses to withhold certain crypto transfers from jurisdictions that have not implemented the rule. Thirdly, the SEC has accused Impact Theory of engaging in unregistered securities transactions through the sale of NFTs. Lastly, a People’s Court in China published a report affirming the legality of virtual assets and classifying them as property under the current policy framework.

AI Sentiment: Negative