The SEC has delayed its plan for tokenized stock trading, causing a significant downturn in crypto markets. Bitcoin and Ethereum saw major liquidations, with BTC dropping ~2.14% and ETH ~3.40%, erasing over ~$42B in market value. Other altcoins also declined, and the Crypto Fear & Greed Index fell to 28, indicating fear among investors. This delay is perceived as a setback for institutional investment in on-chain equity.