"Terraform Labs agreed to pay $4.47 billion to the SEC after being convicted of causing the collapse of the Terra ecosystem, losing $40 billion of investors. CEO Terraform Labs announced to stop operations after this agreement. 🚀

In other news, Ripple's lawyers have asked the court to consider an "appropriate" civil penalty in its lawsuit with the SEC following the settlement between the regulator and Terraform Labs. The SEC asked Ripple to pay about $2 billion.

President Biden announces leadership nominations for the SEC, FDIC and Treasury.

The Turkish government is considering a targeted transaction tax to ensure inclusive financial regulation, including a 0.03% transaction tax on cryptocurrency trading.

Australia's largest stock exchange, ASX, has approved its first Bitcoin ETF, which will begin trading on June 20.

Let's discuss this news!#cryptocurrency#blockchain #BTC"