This issue is happening in the United States and I think it's only going to affect the Binance US alone since that is where the major problem is coming from. I still don't get why Garry had taken it upon himself to attack exchanges and making them to shift away from the United States since it looks like the law is too tough for them to be able to stay safe in the region without problems. Garry had been accused multiple times if manipulating the market for his own selfish interest and if this continues it could affects his reputation as a public figure.
I think the actions taken against Binance and Coinbase exchanges will extend beyond USA and far reaching consequences. The confidence of investors is severely shaken and it will take long time to restore it. As we all understand that crypto market is very volatile and generally driven by sentiment of participants and affects. However, despite recent developments, the leading currencies Bitcoin and Ethereum have not been significantly impacted and gradually recovering their previous price levels.