🌟 Today in Crypto: NFTs Surge, SEC Cracks Down, and Ripple CTO Speaks Out

🎨 NFTs Hit Six-Month Sales Highs

Non-fungible tokens (NFTs) made a major comeback in November, with monthly sales volumes surging by 57.8% to $562 million!

🔹 This marks the highest monthly sales volume since May 2024, driven by the broader crypto market recovery.
🔹 Leading collections like CryptoPunks saw their floor price rise from 26.3 ETH to 39.7 ETH in November—a 50% increase.
However, while November’s numbers signal renewed interest, they’re still far below the March peak of $1.6 billion, showing there’s room for growth in the NFT market.

⚖️ SEC Sues Touzi Capital Over Alleged Fraud

The U.S. Securities and Exchange Commission (SEC) has filed charges against Touzi Capital, accusing the firm of defrauding over 1,200 investors out of nearly $95 million.

🔹 Touzi Capital allegedly misled investors about its crypto mining fund, comparing it to “high-yield money market accounts.”
🔹 Instead, the SEC claims investor funds were diverted into unrelated ventures, with no connection to crypto mining.

The case highlights the risks of deceptive practices in the crypto investment space, emphasizing the need for diligence when investing.

💬 Ripple CTO Slams Debanking Practices

Ripple CTO David Schwartz joined the growing backlash against Operation Chokepoint 2.0, criticizing the trend of debanking businesses without due process.

🔹 Schwartz argued that indirect regulations—like pressuring banks to sever ties with crypto companies—erode civil liberties and stifle innovation.
🔹 He called for transparent, fair regulations to prevent further harm to businesses and individuals in the crypto sector.

This comes amid increasing scrutiny of U.S. regulatory practices, with many calling for reforms to support crypto innovation rather than stifle it.

👉 Do you think NFTs will continue their resurgence into December?

#NFTs #DavidSchwartz #SEC #Ripple #cryptonews $XRP