This article discusses the recent lawsuits filed by the SEC against major crypto exchanges Binance and Coinbase and their implications for the cryptocurrency industry. It highlights the challenges faced by crypto firms in accessing banking services, which have been exacerbated by the regulatory crackdown. Despite these difficulties, the article emphasizes that the crypto industry is slowly building a more diverse and resilient banking system. This system offers advantages such as reduced dependency on a few banking partners and increased stability. It also discusses the potential for greater integration with the traditional financial sector as the industry matures.

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