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The altcoin world was left reeling in the aftermath of dual enforcement actions brought by the SEC to the world’s top two crypto exchanges by volume. Prices for several altcoins were on a downward trajectory after markets got word of the SEC’s lawsuits. The effects were more muted for bitcoin (BTC) prices, which remained mostly flat.
It’s too early to comment on how significant the fines or penalties might be for the two exchanges, but it's never too early to champion the practice of self-custody when it comes to crypto. Exchanges come and go but being in control of your assets (remember: not your keys, not your crypto) is a way to remain one step ahead.