June 15 (Cointime) - The US cryptocurrency industry is facing increased regulatory pressure, which could have significant consequences. Despite having an estimated 45 million crypto owners, the real concern is the institutional capital that was entering the space.

While there were signs of crypto making a run into the mainstream earlier this year, recent events have led to a decline in prices and volumes, as well as tarnishing the industry's reputation.

Regulators are cracking down, with lawsuits against Coinbase and Binance, and the SEC declaring several cryptocurrencies as securities. These moves make it more difficult for institutions to invest in crypto, and the closure of Crypto.com's institutional exchange further dampens the industry's trajectory.

The US market is crucial for crypto's success, and without it, the sector will be cut off from the world's largest financial market.