Here’s what happened in crypto today
In the latest developments in the crypto space, the US Securities and Exchange Commission (SEC) announced plans for four upcoming crypto roundtables focusing on trading, custody, tokenization, and decentralized finance (DeFi). These discussions will begin on April 11 and provide a platform for experts to discuss regulatory challenges. Meanwhile, Ripple Labs has decided to drop its cross-appeal against the SEC after a lengthy legal battle. A recent court ruling led to a $125 million liability, but Ripple will retrieve $75 million of that amount. In another notable event, Binance froze a market maker’s assets after detecting irregularities related to the sale of 66 million MOVE tokens with insufficient buy orders. The Movement Network Foundation plans to use $38 million of the recovered assets to buy back MOVE tokens over the next three months. These events highlight ongoing regulatory discussions and market integrity issues within the crypto industry.
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