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Movement Labs, the team behind the high-profile layer 2 blockchain project, announced on Friday that it has suspended co-founder Rushi Manche. The decision follows an ongoing third-party review focusing on organizational governance and recent incidents related to a market maker’s actions. This suspension comes at a time when the project is under increasing scrutiny, particularly around its MOVE token.

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The veracity of these claims will soon be put to the test. Some miners filed declarations on the April 25 tax deadline, meaning the world could soon learn how much tax Russia’s biggest crypto miners are now paying on their profits.

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While the OSC doubles down on enforcement, industry leaders warn that heavy-handed regulation may drive away legitimate actors.

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How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term

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U.S. crypto regulations could see major changes under Trump. Tether & WAX co-founder William Quigley explains what new policies mean for digital assets, banking, and regulatory oversight.

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Currently, Yemen lacks any formal regulation on cryptocurrency use. However, the report suggests that intensifying sanctions could serve as a catalyst for broader crypto adoption in the country.

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“For those who believe that Trump’s strategy of shaking the markets is one of short term pain for long term gain, this is an excellent time to invest on solid fundamentals,” said Greenspan.

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In return, the SEC requested that an injunction preventing Ripple from selling XRP to institutional investors be removed.

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Trump and his team are intentionally crashing the market,” he wrote. “Is this a master plan or are we watching uncontrolled destruction?” The theory comes as Powell recently refused to cut rates despite Trump’s repeated calls for lower borrowing costs. In January, the Fed held rates steady at 4.25% to 4.5%, maintaining its cautious stance amid inflation concerns.

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Check out your 🥜 stats! Frame by @arsalang.eth & @jeyloo.eth

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Check out your 🥜 stats! Frame by @arsalang.eth & @jeyloo.eth

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