The United States Securities and Exchange Commission (SEC) has been cracking down on the cryptocurrency industry, initiating lawsuits against several companies in a bid to regulate crypto. These regulatory measures highlight the government's growing urgency to mitigate the risks associated with cryptocurrencies. The SEC's crackdown may indicate the beginning of a prolonged legal battle as regulators attempt to address the market's turbulence, which has resulted in the collapse of major crypto firms and the loss of billions in investment funds.