It is the second Web3 gaming firm hit with a Wells Notice warning of a pending enforcement action by the Securities and Exchange Commission in two months.

Trump reportedly discussed government appointments concerning digital assets and plans for a strategic Bitcoin reserve with Crypto.com’s CEO.

Gary Gensler’s replacement has been chosen and is a known crypto supporter.

The despised Dealer Rule sought to expand the definition of a financial dealer to encompass DeFi liquidity providers.

SOL surged 11% to $258, within 1% of its 2021 all-time high.

Crypto and DeFi communities rejoice as Gensler announces his departure in January.

The plaintiffs argue that the SEC’s actions have stifled innovation.

Trump’s team is reportedly looking to fill key roles at the CFTC, FDIC, and OCC as well.

Gensler said the same laws developed in response to the financial crises of the 1920s are applicable to the web3 sector today.

The SEC wants the court to reexamine XRP sales carried out by Ripple and its executives using exchanges.