Welcome to @TheCryptoProfes's daily news roundup:

1️⃣ $198M Ponzi scheme charged 💰

The SEC has filed its first fraud case under new Chair Paul Atkins – targeting PGI Global CEO Ramil Palafox.

He's accused of using fake AI crypto trading to lure investors, funding luxury cars and Las Vegas homes instead.

👇More on what this means for crypto enforcement...