“Crypto News Roundup: SEC Litigation, Hacks, and Musk Denies Trump Talks”
CoinbaseCoinbase
Coinbase vs. SEC: A Catch-22 Situation
Coinbase recently sued the U.S. Securities and Exchange Commission (SEC) for clarity on crypto regulations. The SEC responded, asserting that existing securities laws already apply to the industry. Coinbase argues that crypto firms face a “Catch-22” situation1.
DMM Bitcoin Exchange Hack
Hackers stole a staggering $305 million from the DMM Bitcoin exchange, making it the eighth-largest crypto theft in history. Security firm Elliptic is closely monitoring the situation2.
Elon Musk
Elon Musk Denies Advising Trump on Crypto
Billionaire Elon Musk has denied advising former President Donald Trump on cryptocurrency. Speculation arose that Musk was targeting a new electorate through crypto discussions3.$BTC
