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Regulators Around the World Regulate Cryptocurrencies Despite Market's 'Steady-State'

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The crypto market has seen a lot of pressure from regulators in diverse jurisdictions, even as the market trend has been more bearish recently.A notable instance is the continuous regulatory actions by the United States Securities and Exchange Commission.

The US SEC has been actively monitoring, warning, and suing some crypto firms, including Coinbase, Kraken, Paxos, Ripple, Bittrex, Etc.

But the United States is not the only country with active regulators. Other countries have joined the trend of rolling out regulatory frameworks to checkmate the activities of the crypto industry.

While the crypto industry is skeptical about regulation due to its impact on decentralization, the hacks, exploits, and losses have pushed different countries to step in.

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