The SEC Kills Crypto Exchanges

It was only a matter a of time. There were clearly signs this was going to happen already out there when the SEC went after defunct “exchange” BitFunder. Today, the SEC made its biggest announcement yet: all the crypto exchanges are illegal unless they register with the SEC.

Why is this important? It turns out the entire $400B cryptocurrency ecosystem is based on trading altcoins or utility tokens.

Source: hackernoon.com