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July 2023, Opinion: "Six months ago a path for the regulation of so-called crypto markets. A lot has happened since then, but the end goal—strong investor protection and market integrity—may still be several years away. Specifically: The Securities and Exchange Commission has sued Binance, Coinbase COIN -0.08% decrease and other platforms—with widely varying businesses and operations—for failing to register as securities exchanges; the Commodity Futures Trading Commission has sued Binance for failing to register as a derivatives exchange; and U.S. regulators have taken steps to make it impracticable for banks, brokers and other traditional intermediaries to facilitate investments in digital assets. (The companies say the lawsuits are misguided.)"