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This Week in Crypto: Regulatory Scrutiny, Legal Battles, and Controversial Investor Moves
Ethereum Under Investigation by SEC: The SEC is reportedly investigating the Ethereum Foundation following its switch to proof-of-stake, potentially impacting Ethereum ETF approvals.
Spot Ether ETF Rejection Likely: Bloomberg analysts predict the SEC will reject spot Ether ETF applications due to lack of communication between regulators and issuers.
SEC Sanctioned for Misconduct: A US court criticized the SEC for misleading the court in a crypto case, raising concerns about their approach to crypto regulation.
Senators Call for Halt on Crypto ETP Approvals: Senators Reed and Butler express concerns about investor protections with recent Bitcoin ETP approvals.
Decades-Long Sentence Proposed for Sam Bankman-Fried: Prosecutors recommend 40-50 years for Bankman-Fried, citing the complexity and scale of his alleged crimes.
Tornado Cash Developer Faces Trial: Developer Alexey Pertsev goes on trial in the Netherlands for allegedly facilitating money laundering through Tornado Cash.
EtherFi Investor Exploits Airdrop Vesting: Arrington Capital avoids a vesting schedule by offloading airdropped tokens on Binance, sparking debate over manipulation.


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#bitcoin #ethereum #crypto #cryptocurrencies
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