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Panic is already beginning to spread across the cryptocurrency investment space as a result of Judge Weinstein’s order, an SEC statement saying crypto-trading platforms should register as security exchanges, and rumors of a hack on the Binance exchange.
There’s new urgency for organized, sanctioned exchanges as regulators begin to prune away fraudsters from the virtual currency space. Perhaps reading the tea leaves, Paypal filed a patent earlier this week for its  own “expedited virtual currency transaction system