⚡ Increased Lobbying Activity in the US Crypto Sector

The U.S. Securities and Exchange Commission (SEC) has charged the Texas-based mining company Geosyn and its founders, Caleb Ward and Jeremy McNutt, for engaging in fraudulent activities.

Some clients of the defunct crypto platform Celsius intend to challenge the restructuring plan in court, dissatisfied with the allocation of assets among creditors. Those with locked cryptocurrency collateral are particularly unhappy, feeling they have received insufficient compensation.

Linda Jeng, CEO of Digital Self Labs, a Web3 venture, praised the Federal Trade Commission's (FTC) prohibition of non-compete agreements that limit employees from moving to rival companies. Linda shared how this issue had personally affected her career.