The SEC (Securities and Exchange Commission) is a government agency in the United States that regulates the securities market. Cryptocurrency exchanges fall under the category of securities exchanges and as such they are subject to SEC regulations.

The SEC has been pressuring crypto exchanges to comply with securities laws and regulations in order to protect investors and maintain the integrity of the financial markets. This has been an ongoing issue with the SEC taking action against several crypto exchanges in recent years for failing to comply with registration and reporting requirements.

The SEC has expressed concerns about the lack of transparency and oversight in the crypto market as well as the potential for fraud and other illegal activities. By requiring crypto exchanges to comply with securities laws, the SEC aims to improve investor protection and promote market stability.

So the pressure forcing exchanges to modify the terms, conditions and privacy policy.

Binance did changes in its term of service without prior notice that,

If a user still has a delisted digital asset in their Binance account after a certain period, Binance reserves the right to convert these digital assets into a different type of digital asset of their choosing.

This change will give permission to Binance that to convert any unlisted Coins into any other listed one without noticing the user. It will happen mostly to BnB conversation.

Then RobinHood also announced that after 10th of June they are going to delist SOL , ADA , BCH , GMT and other tokens. 

These quick changes taking place after SEC lawsuit against the exchanges. The impact of these lawsuits we witnessed already before yesterday when market crash more then 10% sharply. 

Let's see where this game of authorities will lead the Crypto market.

Cheers.

Amjad