SEC wants their cut. Simple solution is for DEX staffers to not live in the USA and even run their projects anonymously.
I guess this news breaking is the reason for the last dip. Pretty mild but understandable.
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If the DEX staff are not US citizens then they aren't in theory supposed to be under the jurisdiction of the US government. If they are acting on behalf of the US government even when not citizens of the US government then that is as questionable as if a US citizen would act on behalf of China or Russia to ban or block for that side.
Nope Sec can go after the dex still as long as enough USA people trade on it. Happen to another exchange. And no ip blocking might not be enough...
Hence why Idex is doing KYC.
Now an anonymous team might work..
Can't China or any country use the exact same rationale?
That too lol