On the Monday and Tuesday, Binance and Coinbase received lawsuits from the SEC. Both were regarding staking being alleged securities and Binance's suit involving a fair bit more. Then days later, the Financial Times reported alleged internal trading by Crypto.com. A few days after, regulators issue a cease-and-desist to both Abra and CoinEX. Quite a number of major exchanges hit within days of each other.
Very soon after we see the likes of Mastercard, Citadel, Fidelity, Charles Schwab & Duetsche Bank making entries into crypto within days of each other. This is on top of more filings and refilings by Invesco, ProShares, WisdomTree & Valkyrie.
All I can say is, that time is all rather convenient.
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