In Crypto, California, California Democrat Representative Sam Ricardo is reportedly preparing to introduce memes laws in the U.S. House of Representatives. This means Gemini co-founder Cameron Winklevoss says US securities co-founder Cameron Winklevoss is saying US securities regulators are throwing developers for two years downed. Qualification.
House Democrats propose a bill banning presidential memokine: Report
The US Congress is reportedly planning to consider a law that would ban the issuance of Memecoins, such as President Donald Trump’s official Trump (Trump) tokens.
House Democrats are preparing to introduce modern emollion and erroneous enforcement (MEME) laws. This will prohibit civil servants from making profits from digital assets, California representative Sam Liccardo told ABC News on February 27.
The bill prohibits a wide range of civil servants and affiliated persons from issuing, sponsoring or approving security, merchandise, or digital assets.
“Let’s criminalize corruption again,” Ricardo said, adding that US civil servants belong to the public and that officials should not be allowed to use political powers for financial gain.
The memes law, introduced on February 27th, involves the president, vice president, members of Congress, senior executive officers, and their spouses and dependent children.
The SEC has finished its Gemini investigation without action, Winclevos says
The Securities and Exchange Commission has concluded its investigation into Crypto Exchange Gemini and has been added to the growing list of companies that have so far escaped regulatory scrutiny.
In a February 26 notice shared by Gemini co-founder President Cameron Winklevoss, the SEC concluded the investigation and said “based on information as of this date” that regulators would not recommend enforcement action.
The SEC has chosen to not proceed with enforcement action against the Crypto Exchange Gemini. Source: Cameron Winklevoss
The SEC charged the Crypto Lending Firm Genesis Genesis Global Capital and Crypto Exchange Gemini on January 12, 2023 to provide unregistered securities through Gemini’s “Acquisition” program.
However, the agency added that notices should not be interpreted as not exoneration and as an indication that no action will be taken at a later date as a result of the SEC investigation.
Bibit Hack Forensic Show Safe Wallet’s Compromise Leaded to Stolen Funds
A recent series of third-party forensic investigations into bibit exploits revealed that the compromised safewallet credentials have been stolen over $1.4 billion in ether (ETH) by the North Korean Lazarus Group.
On February 26, BYBIT confirmed that a forensic review conducted by Sygnia and Verichains “revealed a compromise on the qualifications of safe developers.
According to a Sygnia report, the attack comes from “malicious JavaScript code” that was injected into Safewallet’s Amazon Web Services infrastructure.
The findings were also confirmed by Safewallet Developer, saying “Added security measures to eliminate attack vectors have been added.”
“The SAFE (wallet) team has completely rebuilt and reconfigured all infrastructure, rotating all credentials to ensure that attack vectors are completely eliminated,” the announcement states.
Forensic experts and Safe have confirmed that Bybit’s infrastructure has not been compromised by hacks.
The Safewallet team will issue a full statement on social media. Source: SAFE
