If it wasn't a crypto exchange an any other company doing the same, SEC would have taken the same step!
People have gotten too sensitive to everything regulating bodies do. What people don't understand is that they are in place to protect investors, and they will do everything to make sure the rules are respected.
They aren't working against crypto services, crypto services are working against themselves because they fail to comply with regulations. Seriously, how many trash services do we have in crypto? Too many to count....
Look at Coinbase, they do everything the right way legally and have even been granted approval for their own coin backed fund, which is something legacy institutions can only dream about right now....
If you do the right thing, legally, there is nothing to worry about.