**Crypto Industry Faces SEC Challenges, Coinbase Uncovers FDIC Crypto Bias, FTX Estate Sues KuCoin, and Australian Police Seize Crypto**

- The Blockchain Association reports the SEC has cost crypto firms over $425 million in litigation, filing 104 cases from 2021-2023. The group calls for leadership change at the SEC.

- Coinbase's Paul Grewal reveals over 20 instances of the FDIC advising banks to avoid crypto, following FOIA requests. Grewal criticizes the FDIC's actions as limiting financial access.

- Alameda Research, linked to FTX, sues KuCoin to recover $50 million in frozen assets, claiming violations of the Bankruptcy Code.

- Victoria Police in Australia seizes $142,679 in crypto using new powers under the Confiscation Act 1997.