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SEC Calls FTT a Security, What Are the Impacts on Other Cryptos and Exchanges?

SEC calls FTX's native token FTT a security, what's the impact on other cryptos and exchanges? What other cryptos are considered securities by SEC? What would happen if cryptos are securities?
SEC Calls FTT a Security, What Are the Impacts on Other Cryptos and Exchanges?

U.S. SEC Labels FTX Token (FTT) as Security

The United States Securities and Exchange Commission (SEC) has classified FTX Token (FTT), the native cryptocurrency of digital asset exchange FTX, as security.
U.S. SEC Labels FTX Token (FTT) as Security