The latest in the government’s crypto crackdown

On Thursday, the Securities and Exchange Commission announced it’s suing two crypto exchanges. The move marks the latest in the federal government’s continued effort to crack down on the cryptocurrency industry. But without comprehensive rules to guide them, what’s it like regulating the unregulated? Plus, we’ll unpack the Fed’s communication challenges in the Weekly Wrap and dig into how big banks are prepping for an economic downturn.