SEC Crackdown Costs Crypto Firms 6 Million: Gensler’s Compliance Mandate Hits Hard

SEC Crackdown Costs Crypto Firms $426 Million: Gensler’s Compliance Mandate Hits Hard

Source: Bitcoinist Blockchain Association, a crypto-focused lobby group, announced that crypto companies have spent around $426 million fighting lawsuits filed by the US Securities and Exchange Commission (SEC) under its chief, Gary Gensler. In its October 31st report, in partnership with HarrisX, the group criticized the agency for its “regulation by enforcement” approach, which impacts…

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Cardano Founder Slams Meme Coins As ‘Worthless’

Cardano Founder Slams Meme Coins As ‘Worthless’

Source: Bitcoinist Charles Hoskinson, the founder of Cardano, delivered a scathing critique of meme coins in a live stream broadcasted on Halloween, October 31, 2024. Speaking from Colorado, Hoskinson addressed the current state of the crypto market, focusing particularly on the proliferation and perceived inherent flaws of meme-based cryptocurrencies. Cardano, Not Meme Coins Hoskinson did not…

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