SEC's crackdown on crypto raises concerns for investors and industry future.

The US Securities and Exchange Commission (SEC) has sued Coinbase, alleging that the crypto exchange operated its platform as an unregistered national securities exchange and broker. The regulator also claims that at least 13 crypto assets that Coinbase made available to customers qualify as "crypto asset securities." The SEC's crackdown on crypto exchanges may lead to platforms avoiding potential regulatory risks involved in operating in the US and shifting their focus to countries with clearer legal requirements. However, the ongoing regulatory dynamic in the US may not have a significant effect on demand for crypto, and people who want to buy crypto will continue to find ways to do so.