šØ SEC Charges Unicoin Executives with Fraud
The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against cryptocurrency company Unicoin and three of its top executives, including CEO Alex Konanykhin. The SEC alleges that the company raised over $100 million from investors through false and misleading statements. This action underscores the SEC's ongoing efforts to regulate the cryptocurrency industry and protect investors from deceptive practices.
šļø U.S. Senate Advances GENIUS Act for Stablecoin Regulation
In a significant move toward cryptocurrency regulation, the U.S. Senate has approved the GENIUS Act by a 66-32 vote. This groundbreaking legislation aims to establish a legal framework for stablecoin issuance, ensuring transparency and consumer protection while fostering innovation in the crypto sector.
š Ethereum Signals Potential Bullish Breakout
Ethereum (ETH) is exhibiting a bull flag pattern on the daily chart, with a potential breakout above $3,600. If ETH reclaims the 2-week moving average, it could signal a significant upward trend, reminiscent of previous 90% gains under similar conditions.
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