When Binance and Coinbase were sued by the SEC
Institutions should be afraid, but why are institutions the other way around?
Why should they? When they can easily comply to their regulation as part of their protocols duly observed, SEC and centralized institutions will always have this kind of collision but what will determine their outcome is when they comply to their terms and demands, Binance had suffered such recently and now everything seems to go low unlike before when the threat rises from the government in US.
institutions even apply for licenses to their respective regulators, and instead open a digital asset service?
Well i believe those institutions are looking for more opportunities to come in through this steps you see them taking, they have already invested in bitcoin and sees further the need to satisfy their clients and investors with the securities by applying for spot bitcoin ETF and the likes just to maximize their own offer as personal interest for their organizations to move forward and not to the influence of bitcoin or it network at all.