Crypto markets recovered a tad this week on news that U.S. inflation appears to have cooled off. General clamor continued on Twitter over the Securities and Exchange Commission’s (SEC) crackdown of the sector, in which the regulator filed two high-profile lawsuits against exchange titans Coinbase and Binance last week. 

On Monday, Fox journalist Eleanor Terrett shared a transcription of remarks by SEC Chair Gary Gensler, who maintains that cryptocurrencies can be regulated under existing securities laws. 

Many in the industry say Gensler is disingenuous for implying that it’s easy to register with the SEC. Gemini co-founder Cameron Winklevoss says Gensler is full of hot air.

Monday kicked off a critical 36 hours for crypto, according to Web3 law expert MetaLawMan. 

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Author: Tim Hakki

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