The recent regulatory statements from the U.S. SEC have introduced uncertainty into the crypto market, particularly affecting Bitcoin (BTC) and Ethereum (ETH). Increased scrutiny can lead to temporary price declines as investors react with caution. Analyzing the market fear index (VIX), we see heightened volatility reflecting investor anxiety. A rising VIX often correlates with bearish market sentiment, leading to quick sell-offs in BTC and ETH. However, if regulatory clarity emerges, it could stabilize prices. Investors should stay alert to further regulatory developments, as these will significantly influence short-term price movements for both cryptocurrencies.