The crackdown from the US Securities and Exchange Commission (SEC), which has a history of more than 150 lawsuits against cryptocurrency companies, including big names like Ripple, Binance and Coinbase, is not new.
Although the SEC claims to protect investors and improve market integrity, this crackdown has led to an exodus of cryptocurrency companies from the US market. Compliance costs are soaring and innovation is declining, leaving investors around the world in uncertainty.
Amid the chaos, the SEC is tightening its controls and promising “transparency and fraud prevention.” However, as the cryptocurrency community navigates the evolving regulatory landscape, the broader implications remain unclear.
Source: Ferra
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