This news is pure manipulation since we all knew that SEC is currently attacking exchanges and some crypto but crypto people should note that the US branch is not the major contributors for the crypto market while those selling off are those people that doesn’t have any idea on what’s happening.
It right that buying when everyone is on panic is the right thing to do because the price will eventually pump once this issue is over or the case is running since this will take time on the court.
I agree, this is not a FUD or a form of manipulation because SEC is a legit organization. They won't do these things if the crypto company is following the right protocol. People have different reasons on why they sell nowadays. Maybe some just need money so they will sell whatever the status of the market and there are some who sells after reading the news because they worry that it might cause more dump in the market which seems true and we are feeling the impact now. Just ignore them if you are confident that everything will return to normal.