© Reuters

Amid lawsuits against United States-based exchanges like Coinbase (NASDAQ:) and Binance.US, an executive at a domestic digital asset firm has noted the legal implications of these recent enforcement actions for the industry.

The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, chief operating officer at the blockchain trading firm INX. Avneri believes that a massive amount of coins offered for trading on crypto exchanges is among the core reasons for legal issues.