Hi Redditors! How do the SEC events this week affect the crypto bear vs bull market sentiment?

2023 started off with bullish sentiment in the crypto markets. Some people are convinced a bull market is around the corner in 2023, while others believe due to macro conditions we are still in a bear market.

I am curious to know, due to recent events with the SEC, in which direction on the bear/bull market spectrum do you think we will head.

Will we revert back to more of a bear market until things with the SEC and regulation cool down? Did we just dig ourselves deeper into a bear market? Or is the bullish sentiment that was driving the markets prior to the SEC ruling, enough to keep us in more of bull market or even a crab market heading?

I’m interested in hearing what this sub thinks after this past week.