Crypto Risks Existential Threat as U.S. Crackdown Gathers Steam Joe Light – Bloomberg SEC Coinbase action seen by enforcers as warning shot; SEC, state regulators say more enforcement actions to come Cryptocurrency firms are fighting for lobbyists and fielding subpoenas in what could be an existential fight over how the multitrillion-dollar industry should be regulated. In the past month, lobbyists have been overwhelmed by firms seeking representation in Washington, as regulators threaten the cryptocurrency companies with lawsuits or cease-and-desist orders. Current and former enforcers say those warnings are likely just the beginning. /bloom.bg/2XOb4s2