There are several steps that cryptocurrencies can take to prepare for potential regulatory changes. These steps include consulting with legal and compliance experts, implementing robust AML/KYC procedures, registering with the SEC if necessary, developing internal controls, engaging with regulators, and staying up-to-date on regulatory developments.

Consulting with legal and compliance experts

Implement robust AML/KYC procedures

Register with the SEC

Develop internal controls

Engage with regulators

Stay up-to-date on regulatory development