The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
This is fake news as there's no official source from the government backing this claims. The US government hasn't ban altcoins trading because they can't do that, they have no reason as all altcoins doesn't go against any laws to be banned. The Security and exchange commission are only after altcoins that are security as they're sueing exchange that are trading them which is resulting to exchanges delisting them.
If the project can prove that they're not security, the SEC will leave them alone and then exchange can begin listing them again and enable trading to their customers. SEC can't go after some altcoins as they don't fit into the security definition so we can't say the SEC has banned altcoins trading.