SEC proposes FTX insider settlements, South Korean crypto counterfeit ring busted, Poland revives crypto bill | Weekly Recap

cryptonews12-21 20:30

In this week’s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried’s former associates whose testimony secured his conviction...

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SOUL PATTINSON","BTC":"Grayscale Bitcoin Mini Trust","SEC.AU":"SPHERIA EMERGING CO LTD","BK7105":"多领域控股","BTC.AU":"Btc Health Ltd"},"translate_title":"SEC提议FTX内幕和解，韩国加密货币伪造团伙被捣毁，波兰恢复加密货币法案|每周回顾","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC.AU":1,"SEC.AU":1,"BTC":1,"SOL.AU":1},"content_text":"In this week’s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried’s former associates whose testimony secured his conviction.\n\n\nSummary\n\n\n\nSEC proposed settlements for former FTX executives who testified against Sam Bankman-Fried.\nSouth Korean police busted a fake currency ring targeting crypto traders in in-person deals.\nPoland’s parliament revived comprehensive crypto legislation after an earlier rejection.\n\n\n\nAdditionally, law enforcement in South Korea dismantled a criminal operation using counterfeit currency to defraud cryptocurrency traders and Poland’s parliament revived comprehensive industry legislation.\nSEC offers settlements to FTX cooperating witnesses\n\nThe Securities and Exchange Commission proposed Friday settlement agreements for key members of Sam Bankman-Fried’s inner circle whose testimony proved critical during his criminal trial proceedings.\nThese proposed resolutions address regulatory charges against individuals who cooperated with prosecutors in building the case against the former FTX CEO.\n\nSouth Korean police dismantle counterfeit currency scheme\n\nAuthorities in South Chungcheong province are prosecuting a criminal group that manufactured fake Korean won bills to defraud cryptocurrency traders during in-person exchanges.\nPolice discovered 9,188 counterfeit 50,000-won notes valued at approximately 459.4 million won ($330,000) in the suspects’ possession last year according to Chosun Ilbo reporting.\n\nPolish parliament advances cryptocurrency regulation\n\nThe Sejm passed Thursday comprehensive crypto industry legislation by 241-vote approval.\nThe Crypto-Asset Market Act remains unchanged from the version rejected earlier this month according to the Sejm’s press office confirmation.\n\nCoinbase challenges state prediction market restrictions\n\nThe cryptocurrency exchange filed federal lawsuits in Connecticut, Michigan, and Illinois challenging state attempts to prohibit prediction markets under gaming regulations.\nLegal complaints seek declaratory and injunctive relief arguing that prediction markets fall exclusively under Commodity Futures Trading Commission jurisdiction rather than state gaming boards.\n\nEthereum developers name 2026 upgrade roadmap\n\nCore development teams officially designated the network’s next upgrade as “Hegota,” defining the 2026 development cycle within the blockchain’s twice-yearly release schedule.\nThe name blends the execution layer’s “Bogota” upgrade, following Devcon host city naming traditions, with the consensus layer’s “Heze” star designation.\n\n\n\n\n\n\n                You might also like:\n            \n\n                Arthur Hayes says Fed’s RMP is ‘QE in disguise,’ sees Bitcoin reclaiming $124K            \n\nBybit returns to UK market operations\n\nThe exchange announced Thursday it resumed United Kingdom services including spot trading on 100 currency pairs, two years after stricter promotional and marketing regulations forced its departure.\nThe platform serving approximately 80 million users worldwide restarted operations under updated compliance frameworks addressing UK regulatory requirements.\n\nTerraform Labs liquidator sues Jump Trading\n\nCourt-appointed plan administrator Todd Snyder filed suit seeking $4 billion in damages from Jump Trading, co-founder William DiSomma, and former president Kanav Kariya for the firm’s 2022 multibillion-dollar collapse.\nThe Wall Street Journal reported the legal action targets Jump Trading’s role in the Terra ecosystem failure, with the company confirming the lawsuit through social media communications.\n\n\n\n\n\n\n                You might also like:\n            \n\n                Crypto VC Funding: RedotPay leads with $107m, Fuse bags $70m            \n\nAnnual cryptocurrency theft exceeds $3.4 billion\n\nBlockchain intelligence firm Chainalysis reported that cryptocurrency theft totaled over $3.41 billion from January through early December.\nThe $1.5 billion Bybit exchange hack accounted for approximately 44% of the annual total, with the top three incidents representing 69% of all service losses.\n\nIndian regulators approve Coinbase-CoinDCX investment\n\nThe Competition Commission of India approved Tuesday Coinbase Global’s proposed minority stake acquisition in DCX Global Limited, the parent company of local exchange CoinDCX.\nThe approval follows CoinDCX’s recovery from a $44 million security breach that required substantial user compensation efforts.\n\nCoinbase unveils comprehensive platform expansion\n\nThe exchange revealed Wednesday during a livestreamed event that U.S. customers will gain access to traditional stock trading alongside over a dozen new and updated products.\nPlatform enhancements span prediction markets, Solana-based decentralized finance integration, and end-to-end infrastructure for creating real-world asset digital representations.\n\n\n\n\n\n\n                You might also like:\n            \n\n                NFT sales rise 12% to $67.7M, Ethereum sales spike 45%            \n\nVisa extends stablecoin settlement to United States\n\nThe payments giant expanded its stablecoin pilot to include U.S. settlements using Circle’s USDC on the Solana (SOL) blockchain.\nInitial banking partners Cross River Bank and Lead Bank will enable U.S. acquirer and issuer partners to settle in USDC, with broader rollout expected throughout 2026.\n\nStrategy maintains billion-dollar Bitcoin purchases\n\nStrategy announced its second consecutive week of nearly $1 billion Bitcoin (BTC) acquisitions, adding 10,645 BTC for 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