Thousands of crypto enthusiasts gathered in Toronto for CoinDesk's annual Consensus conference, which featured active discussions about ongoing legislative efforts, particularly regarding a stablecoin bill under consideration in the U.S. Senate. Key highlights from the week included a significant cybersecurity breach at Coinbase, impacting customer data, along with the Senate's plan for a cloture vote to debate its stablecoin legislation. Other critical developments included prosecutions related to stolen funds in the crypto sector and challenges faced by firms such as FTX in bankruptcy recovery. The event brought together industry leaders amid regulatory tensions, reflecting the evolving landscape of cryptocurrency governance and legal frameworks.

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