SEC's Lawsuits Against Coinbase and Binance Cast Doubt on Crypto's Future.

SEC Chairman Gary Gensler's aggressive enforcement campaign against the crypto industry has put Coinbase in a corner, with the SEC alleging that the company sold 13 tokens as unregistered securities and acted as a broker, an exchange, and a clearinghouse without permission. If the SEC prevails in its lawsuit, Coinbase could be forced to divest some of its core operations and limited to selling Bitcoin and Ethereum, which could mean the regulatory environment becomes unviable for U.S. crypto companies. The broader U.S. crypto industry may be living on borrowed time, and the worst is likely yet to come as the SEC is actively pursuing numerous other cases against crypto firms.