The SEC and Chair Gary Gensler have brought a myriad of lawsuits against various players in the crypto sector for what he says is mass noncompliance with various securities laws.
FTX is crumbling and founder Sam Bankman-Fried is in crisis mode as he seeks a lifeline. China's Binance backed out of acquiring the company Wednesday.
Cryptocurrency billionaire Brock Pierce weighed in on the need for "sensible regulation" following recent events, including the "implosion" of stablecoins.
Cryptocurrencies at large are taking a beating. Bitcoin, which recently saw 40% of investors underwater, is down 55% from its all-time high of $69,044 in November 2021, according to CoinGecko..