According to a short excerpt of her testimony, U.S. Treasury Secretary Janet Yellen is set to warn Congress that the crypto industry could threaten the financial system with various risks, such as stablecoins instability, crypto platforms insolvency and price fluctuations.
A U.S. district judge has recently favored the Securities and Exchange Commission (SEC), ordering Ripple to disclose further details about its financials and sales of XRP to institutional investors.
A new service called OnlyFake is leveraging artificial intelligence “neural networks” and “generators” to create counterfeit driver's licenses and passports that have reportedly managed to breach Know Your Customer (KYC) protocols on various cryptocurrency exchanges.
Top stories in the Crypto Roundup today:
- U.S. Treasury Secretary to Warn Congress of Crypto Risks to Financial System
- Ripple Ordered to Reveal Financial Details and XRP Sales to SEC
- AI-Powered Service Reportedly Used to Breach Crypto KYC Verification