The SEC's latest regulatory statements have introduced uncertainty in the market, potentially affecting the short-term price movements of BTC and ETH. Increased regulatory scrutiny can trigger fear among investors, leading to a rise in the market's fear index (VIX). A heightened VIX indicates greater volatility and investor anxiety, often resulting in price declines for cryptocurrencies. As traders react to these developments, BTC and ETH may face downward pressure until clarity emerges. Investors should closely monitor regulatory updates and market sentiment to gauge potential impacts on price trajectories.