The recent actions of the SEC against Binance and Coinbase signify a new phase in the US’ long-running effort to regulate cryptocurrencies. As long-term Bitcoiners and professional traders, however, we remain unfazed. While there may be a possibility of a liquidity crunch – as investors take shelter with their deposits – my long-term view is that strength will lie in numbers. What we’ve learnt at BitMEX, having witnessed the evolution of the crypto regulatory landscape over the past decade, is to focus on what you can control – and that’s how you run the business. Right now, we’re matching the fees previously received elsewhere for those seeking a safe harbour for their crypto.