The U.S. Securities and Exchange Commission (SEC) is now seeking a $102.6 million penalty from Ripple in the ongoing XRP case, marking a significant reduction from the initially demanded $2 billion. Ripple’s proposed penalty of $10 million was countered by the SEC, arguing that such a low amount would not serve the purpose of civil penalty statutes.
Biden Administration, Mark Cuban, and Ro Khanna Set for Crypto Roundtable
The Biden administration, along with entrepreneur Mark Cuban and Representative Ro Khanna, are gearing up for a crucial roundtable discussion on bitcoin and blockchain. This follows Donald Trump’s promise to “end Joe Biden’s War on Crypto,” adding fuel to the ongoing debate on cryptocurrency regulation.
Bank of America Report: Younger Wealthy Investors Favor Crypto Investments
A Bank of America report reveals a growing trend among younger affluent investors who are favoring cryptocurrencies and alternative investments over traditional options. Interestingly, the most “conservative” group in terms of investment holds the highest exposure to crypto assets, signaling a shift in investment preferences.
Kraken Accuses Security Research Firm of Criminal Acts
Kraken, a prominent cryptocurrency exchange, has accused an unnamed security research firm of extortion, alleging that the firm stole $3 million from its treasury. The exchange labeled the actions as criminal and criticized the lack of transparency in disclosing the details of the bug transaction.
Martin Shkreli Allegedly Involved in New Trump-Themed Crypto Token
Controversial figure Martin Shkreli, known for his past legal troubles, has reportedly claimed involvement in creating the DJT token, a cryptocurrency themed after Donald Trump. The token’s alleged ties to the Trump campaign have sparked speculation and controversy, highlighting ongoing discussions around political affiliations in the crypto space.
