These are turbulent days for crypto. The price of Bitcoin on Coinbase dipped to $3300 in early December, its lowest point since August 2017. The amount of capital raised through ICOs has declined in the second half of 2018, and the flow of U.S. money into new ICOs dried up well before that.
The specter of enforcement looms over the entire space, the U.S. increasingly becoming one of the loudest contingents, following China’s and South Korea’s more Draconian approach to the space. The regulators have mobilized, and the public can hear the pounding of the drum.