Crypto Leverage Wipeout: Lessons from Billions Lost

Yesterday’s multibillion-dollar leveraged crypto wipeout has left traders nursing massive losses, yet the same high-risk patterns continue unabated across centralized crypto exchanges. While regulators like Gary Gensler won’t stop traders from gambling with extreme leverage on volatile altcoins, the market carnage offers a crucial lesson about the dangers of repeating past mistakes in pursuit of quick profits.

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SEC Innovation Exemption for Crypto Nears Finalization

The U.S. Securities and Exchange Commission is preparing to finalize an ‘innovation exemption’ that could provide crypto and fintech startups with regulatory clarity by year-end. SEC Chair Paul Atkins announced the move as part of efforts to reverse years of regulatory uncertainty that pushed crypto development overseas. Industry leaders welcome the structured framework as a potential pathway to bring compliant innovation back to U.S. markets.

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SEC Challenges Ripple Ruling in Terraform Labs Case

The U.S. Securities and Exchange Commission is mounting a legal counteroffensive against the recent Ripple Labs ruling, using its case against Terraform Labs and founder Do Kwon as the battleground. In court filings, SEC lawyers have declared portions of the XRP decision “erroneously decided” and signaled potential appeals, revealing the agency’s determination to establish consistent securities law enforcement across the cryptocurrency industry despite judicial setbacks.

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SEC Probed Over Gensler’s Deleted Texts in Crypto Crackdown

House Republicans have launched a sweeping investigation into the Securities and Exchange Commission after an internal watchdog revealed that nearly a year of text messages from former Chair Gary Gensler were permanently deleted due to agency failures. The missing communications span October 2022 through September 2023, coinciding with the SEC’s most aggressive enforcement campaign against cryptocurrency firms, creating what lawmakers call a glaring double standard in regulatory oversight.

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House GOP Probes SEC’s Gensler Over Deleted Text Messages

House Republicans are intensifying their scrutiny of former SEC Chair Gary Gensler, launching an investigation into deleted text messages from his tenure between 2021 and 2025. The probe follows findings from the SEC’s Office of Inspector General that raised serious questions about the commission’s transparency and integrity under Gensler’s leadership, with lawmakers now demanding answers about potential record-keeping violations and accountability lapses at the nation’s top financial regulator.

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SEC Eases Crypto Custody Rules for State Trusts

The U.S. Securities and Exchange Commission has signaled a major policy shift by announcing it will not take enforcement action against investment advisors using state-chartered trust companies as custodians for digital assets. This guidance creates significant new opportunities for crypto custody services and represents a dramatic departure from the agency’s previous restrictive approach under former leadership, aligning with Chair Paul Adkins’ initiative to reduce regulatory burdens and accelerate digital asset integration into the traditional economy.

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SEC Grants No-Action Letter to Solana’s DoubleZero Project

In a landmark decision that signals a potential shift in crypto regulation, the U.S. Securities and Exchange Commission has issued a rare no-action letter to Solana-based project DoubleZero, explicitly stating that its 2Z token does not qualify as a security. This marks the Commission’s first such assessment in years and provides crucial regulatory clarity for the emerging DePIN sector, coming just days before DoubleZero’s mainnet launch scheduled for Friday.

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