Which cryptocurrencies or projects are most affected by new regulations?

Cryptocurrencies most affected by regulations typically include stablecoins, which face scrutiny over reserve requirements and financial stability concerns. Bitcoin and Ethereum face varying regulatory treatments depending on jurisdiction—some countries classify them as commodities, others as securities. DeFi protocols are heavily impacted as regulators examine lending, borrowing, and yield-farming activities. Exchanges and custodians experience compliance costs affecting their operations. Privacy-focused coins like Monero face restrictions in several countries. Meme coins and low-market-cap projects often face delisting threats. Recent regulations in the US, EU, and Asia have prompted trading restrictions, KYC requirements, and operational changes. Regulatory clarity generally improves established projects' legitimacy while challenging newer, less-compliant ventures.