- DailyCoin Newsletter
- Posts
- 2024-06-03
2024-06-03
Fernando Fierro
June 03, 2024
Howdy folks,
🚨🖋️ President Biden has vetoed Congress's attempt to overturn the SEC’s SAB121 rule, igniting strong reactions from the crypto community.
He justified his action as necessary to protect consumers and investors. However, given the rising importance of crypto policies among US voters, the House and Senate can still override the veto with a two-thirds majority.
In other news:
⚔️📜 Coinbase is pushing back against the SEC's lack of clear crypto regulations, filing a closing brief urging the US Court of Appeals to compel the agency to establish transparent guidelines.
Coinbase criticized the SEC's "regulation-by-enforcement" approach, highlighting the urgent need for clarity in the crypto industry.
👨⚖️🔗 Former Binance CEO Changpeng Zhao, aka CZ, has started his four-month prison sentence in the US for AML violations.
Despite stepping down, Binance continues to dominate the crypto market, vowing to comply with regulatory demands. Zhao’s short sentence and $50 million fine raise questions about the broader impact on Binance and the crypto industry.
💡🔍 Crypto scams are rising, with the SEC issuing warnings about sophisticated tactics targeting investors. From social media trickery to impersonation fraud, the agency emphasizes the importance of vigilance and investor education to combat these threats.
The SEC’s guidance aims to protect investors and maintain trust in the rapidly growing crypto market.
DailyCoin Daily Meme
Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!
DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.