SEC targets crypto - Roald Dahl books revised - Facebook sells verification

Source: Pew Research Center

1. Summary
   In recent days the US government has launched actions targeting the cryptocurrency industry. Securities and Exchange Commission head Gary Gensler has said cryptocurrencies are primarily used like securities (e.g., stocks), and should therefore be regulated as such. In the wake of crypto firm FTX's collapse last year, some lawmakers have reportedly become more amenable to Gensler's approach.
   
   Last week the SEC reached a settlement with Kraken, a major crypto exchange. Because of the settlement, Kraken will no longer offer 'staking' as a service, which allows investors to earn interest on their crypto savings.
   
   The agency also warned Paxos, which produces 'stablecoins' tied to the U.S. dollar, it risked being sued over securities violations. A few days ago the SEC sued Terraform Labs, which developed two popular coins whose collapse last year triggered a broader crypto market meltdown. And last Friday the agency reached a $1.4 million settlement with a former NBA star, saying the latter marketed crypto improperly.

   Highly-rated - last 48 hrs
   Government cracks down on crypto industry with flurry of actions.
   New York Times (Moderate Left) • Factual Grade 81% • 7 min read
   

1. Different political viewpoint
   Regulators unleash flurry of actions against crypto companies, but not all of them are on board.
   Daily Wire (Right) • Factual Grade 65% • 3 min read

1. Selected long-read
   Are cryptocurrencies securities? The SEC is answering the question. (2022)
   Reuters (Center) • Factual Grade 71% • 6 min read

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A recent report from the Daily Telegraph has detailed revisions to the latest editions of books by late author Roald Dahl. Many of the edits target words like "fat" o...

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