Why is the U.S. SEC cracking down on crypto exchanges?

Facts for Prelims (FFP)  Source: TH Context: The U.S. Securities and Exchange Commission (SEC) is cracking down on cryptocurrency exchanges. The SEC filed over a dozen charges against Binance, alleging the exchange commingled billions of dollars of investors’ funds and routed them to a company in Europe. The regulator claimed that Binance allowed high-value U.S. customers …