SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review
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The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments.
Kraken has accused a security research firm of extorting $3 million from its treasury, labeling their actions as criminal. Martin Shkreli has allegedly co-created a new Trump-themed crypto token, DJT, leading to speculation and controversy due to its unverified ties to the Trump campaign.
