According to tech billionaire and Bitcoin bull, Chamath Palihapitiya, regulators in the United States have stifled the cryptocurrency industry to the point of death. During a recent episode of the All-In podcast, Palihapitiya claimed that “crypto is dead in America” and blamed Gary Gensler, the Chair of the SEC, for pointing the regulators’ guns at the sector. While Palihapitiya acknowledged that the crypto industry has pushed more boundaries than any other sector in the startup economy, he suggested that bad actors in the industry, such as FTX, have impacted the reputation of the industry, and good actors are now paying the price. Palihapitiya also expressed confusion over why Coinbase, a digital asset trading platform that has played by the rules, is no closer to receiving regulatory clarity than now-bankrupt FTX. Other commentators have described the regulators’ efforts as “Operation Choke Point 2.0,” aimed at discouraging banks from holding crypto or providing services to crypto companies.
CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap
Decentralized finance (DeFi) protocol WDZD Swap was targeted in an attack on May 19, resulting in the loss of $1.1...
