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In 2024, the crypto world witnessed bizarre events, including the FBI creating a fake token to catch fraudsters, a memecoin developer suffering severe burns during a stunt, and a 13-year-old rug-pulling his own token live. Justin Sun made headlines by eating a $6.2 million banana artwork, while hackers humorously demanded a ransom in either Monero or French baguettes from Schneider Electric. Other oddities included a user mistakenly paying a $90,000 fee for a $2,000 Ether transfer and crypto influencers settling disputes in the boxing ring.
President-elect Donald Trump’s selection of Paul Atkins to lead the SEC could significantly reshape the U.S. crypto regulatory landscape, moving away from the stringent policies of Gary Gensler. While Atkins is expected to focus on eliminating regulatory roadblocks and ensuring proportional penalties, experts caution that changes will be gradual due to legal constraints. Industry leaders remain optimistic about a collaborative approach with current SEC leadership, anticipating a careful and methodical overhaul of existing policies.
Paul Atkins, nominated by President Trump as the next SEC chair, is expected to shift the agency's approach to crypto regulation, moving away from the aggressive tactics of his predecessor, Gary Gensler. While Atkins is pro-crypto and advocates for clearer regulations, significant changes may take time due to existing legal precedents and ongoing lawsuits. His familiarity with current SEC staff, including pro-crypto commissioners, could facilitate a more accommodating regulatory environment for the industry.
Charlyn Ho
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bizarre crypto stories from 2024 highlight strange events and antics
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13:00 24.12.2024
Trump's SEC appointment may reshape US crypto regulations slowly and methodically
15:42 13.12.2024
new sec chair paul atkins poised to reshape crypto regulation slowly
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00:12 13.12.2024
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