This Is What Happened In The Cryptocurrency World Today:
The U.S. Securities and Exchange Commission (SEC) sues Coinbase, citing the exchange is acting as an unregistered broker.
According to SEC Chair Gary Gensler, Coinbase made billions of dollars unlawfully by facilitating the buying and selling of crypto asset securities, and he further states that the US doesn’t require more digital currency.
Coinbase shares plummet as SEC sues for securities violations.
Coinbase CEO says they will “get the job done” in court against the SEC.
Illicit funds obtained from the $35 million Atomic Wallet hack are being transferred to a crypto mixer that is favored by North Korea’s notorious cyber-hacking group, Lazarus Group.
Metropolitan Museum of Art (the Met) to return $550,000 donation from bankrupt crypto exchange FTX.
Crypto life insurance startup raises $19 million in funding rounds, with OpenAI CEO Sam Altman and Google’s Gradient Ventures leading.
Binance adds Bitcoin NFTs to its marketplace one day after SEC lawsuit.
China’s CCTV airs Binance lawsuit in rare crypto coverage.
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