and what makes the SEC think they can do anything about those exchanges outside the US? is this just another case of the US thinking they can police stuff that they have no juristdiction over?
“Team America: World Police”
Operating abroad doesn’t mean you are immune to other countries laws if that organization is selling to US customers and not abiding by their policies then yes they do have some jurisdiction.
This just means those exchanges will have a very difficult time to get into US market