The former head of the Securities and Exchange Commission’s Internet Enforcement division has warned the cryptocurrency sector of the potential for serious repercussions, following the regulator’s recent enforcement actions against major crypto companies. In a statement, the official warned that the “regulatory onslaught is only just beginning”. Shibarium, the Ethereum-based Layer 2 platform, is currently in beta and will soon be launching, offering faster transactions, better scalability and lower fees. The developers have made an announcement on January 15, 2023. The story and its possible implications were discussed in this week’s Bitcoin News Weekly Roundup. Also included in this week’s roundup were warnings about debt deflation, Shibarium buzz and insight from the former FTX US President on the SBF. Read on for the full story.
Former SEC Official’s Crypto Warning: Regulatory Onslaught Just Getting Started – Weekly Roundup – The Weekly Bitcoin News
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