Despite the SEC's recent accusations, the crypto market has rebounded strongly

In crypto, the US regulatory crusade against digital assets continued, the SEC filed against Coinbase for securities law violations. These charges are coming against defense claims from Coinbase that they have been actively engaging with the SEC on registration procedures, though the agency has never given clear guidelines . Ironically, the SEC was responsible for approving Coinbase's IPO filing back in April 2021, so these complaints would have been covered and agreed upon during the public listing process.

After a very long crypto-winter, the majority of institutional 'tourists' have already left the space, and the remaining participants are probably believers of the cause, and thus less affected by these TradFi accusations.