During a hearing, US Securities and Exchange Commission (SEC) Chairman Gary Gensler clashed with Republications on the House Financial Services Committee over digital asset regulations, with lawmakers criticizing the SEC’s approach.
According to its CEO Brian Armstrong, Nasdaq-listed cryptocurrency trading platform Coinbase has been preparing for a lengthy legal battle with the U.S. Securities and Exchange Commission after the regulator accused it of potential securities law violations.
The Ethereum blockchain currently has 575,359 validators, and approximately 5% of those validators are opting to leave Ethereum’s staking system by unstaking their ETH – a possibility after the rollout of the Shapella upgrade last week. They are, however, having to wait 17 days for their ETH to be unstaked.
Top stories in the Crypto Roundup today:
- GOP Lawmakers Challenge SEC’s Approach to Crypto Oversight
- Coinbase CEO Says Crypto Exchange is Preparing for SEC Lawsuit
- Ethereum Validators Face 17-Day Wait to Unstake ETH
- DEX Volumes Rise As Centralized Exchange Consolidation Continues