Avinash Nimmakayala
@avinashn6
Regulatory Shifts in the U.S. The U.S. Securities and Exchange Commission (SEC) is reportedly easing its regulatory stance towards the crypto industry. Investigations against major firms like Robinhood and Coinbase have been dropped, following similar actions involving OpenSea and Binance. This shift reflects a change in enforcement priorities under new leadership. AXIOS.COM Bybit's Security Breach Bybit, a prominent cryptocurrency exchange, recently suffered a significant security breach, resulting in a loss of $1.5 billion. Despite the scale of the hack, market impacts were minimal, as the exchange had safeguarded customer funds and secured loans to cover the losses. This incident contrasts with the FTX collapse, where mismanagement led to widespread panic. AXIOS.COM
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