As expected, the SEC is going to try and increase the regulation on the crypto industry. Gary Gensler, the new chair was making the media rounds and believes that many cryptocurrencies are securities. This means that the SEC is going to look to regulate them. It is likely will lead to the exchanges being put under the thumb.
In this video I discuss how this is an example of how government was designed in a different era and is not trying to control something it is not made for.