Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs.

Blockchain Association CEO Kristin Smith said that while the SEC’s approach to regulation is expected due to its anti-crypto stance, it’s still “unacceptable.“

The FSC rejected Gopax’s executive change report filed on March 7 and claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.

Despite a tumultuous year, the Philippines’ financial regulator decided not to rush a legal framework on the crypto industry, which was initially planned for late 2022.

Volcano Energy, the renewable energy developer, said the funds would go toward an estimated 241 MW power generation park.

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The committee did not disclose all the specific topics for discussion, but the community anticipates that the hearing will address critical issues in the space.

“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.

Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development.

Memecoins that draw their likeness from Gary Gensler and the SEC have rallied significantly since the regulator sued Binance and Coinbase.