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The feds are coming for the metaverse — from Axie Infinity to Bored Apes

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NFTs in the metaverse should generally be considered securities, but developers have been slow to recognize that fact. Expect a regulatory reckoning to come swiftly for Axie Infinity, Bored Apes, and other projects that have thrown caution to the wind.

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Coin Market

BTC correction ‘almost done,’ Hailey Welch speaks out, and more: Hodler’s Digest, Dec. 15 – 21

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Bitcoin correction approaching a conclusion, Hawk Tuah influencer releases statement, and more: Hodlers Digest

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Coin Market

Jump Crypto subsidiary Tai Mo Shan settles with SEC for $123 million

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The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.

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Coin Market

Relationship building is a hedge against debanking — OKX exec

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Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.

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