Industry experts suggest that the recent regulatory actions taken by the SEC against Coinbase and Binance could ultimately bring regulatory clarity to the industry in the long run, but in the short term, these companies may need to shift their focus elsewhere.

This regulatory pressure may incentivize exchanges to move overseas, as seen with Coinbase's recent license to operate in Bermuda and increased operations in Canada. However, the US market remains important, and larger players like Coinbase can engage with regulators to find solutions, while smaller businesses may find better opportunities in other jurisdictions. The battle between exchanges and regulators may continue, with exchanges potentially taking legal action and hoping for more crypto-friendly leadership in the future.