US Regulatory Crackdown Sends Crypto Markets Tumbling and Experts Weigh in on Binance and Coinbase's Future

The crypto market experienced a sharp selloff as the SEC's regulatory crackdown on digital-asset exchanges, including Binance and Coinbase, unnerved investors. Smaller coins, including Cardano's ADA, Solana's SOL, Polygon's MATIC, and Avalanche's AVAX, posted double-digit percentage drops. Bitcoin and Ether also saw declines. Over a dozen tokens were flagged as unregistered securities in the lawsuits, making them harder to trade if exchanges shy away from listing them for fear of irking the SEC.