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Gov Crackdown On Crypto Exchanges Binance \u0026 KrakenSEC Chair Gary Gensler been cracking down on crypto following the FTX crash, charging companies with violating securities laws. The outlook for cryptocurrency in India for investors during a crackdown is uncertain and contingent upon multiple elements. SEC's crackdowns. Un-American. Bitcoin and many other cryptocurrencies would survive even a sweeping, indiscriminate regulatory crackdown functionally unscathed.