SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review

Read all of the biggest stories of the week.͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

SEC now demands $102M penalty from Ripple in XRP case The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought.   Ripple recently proposed a penalty of no more than $10 million, citing the Terraform Labs settlement as justification.    Read More Join the Bitcoin.com News Telegram channel for the latest crypto news updates, sent straight to your phone! Follow now In the news Biden admin and others reportedly set for critical crypto roundtable Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and "Shark Tank" star Mark Cuban.   This news comes after presidential candidate Donald Trump vowed to "end Joe Biden's War on Crypto." Younger wealthy investors prefer crypto over traditional investments Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations' traditional focus.   "In fact, the most 'conservative' group is holding the highest average exposure to crypto," the bank said. Kraken calls security research firm's demands 'criminal' Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money.   Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. Martin Shkreli allegedly behind new Trump-themed crypto token DJT Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump.   The revelation comes as the token's association with the Trump campaign remains unverified, stirring significant speculation and controversy. Sponsored by Bitcoin.com News With 4 million monthly unique visitors, over 9,000,000 monthly pageviews, and a massive social media following, don't miss the chance to advertise your crypto project or token with Bitcoin․com News. Reach out to ads@bitcoin.com today!  @2024  Saint Bitts, LLC 858 Zenway Blvd, P.O. Box 1830, Frigate Bay, Saint Kitts and Nevis  This email was sent to To unsubscribe or modify your subscriptions, please click here. Have feedback for us? Send it here.