Stablecoins Challenged by Circle CEO: SEC’s Regulation Too Far-Reaching

• Circle CEO Jeremy Allaire has challenged the SEC’s authority to regulate Stablecoins and believes they should be treated as payment systems. • The SEC has recently taken action against Paxos and its issuance of Binance USD (BUSD). • The Securities Act of 1933 gives the SEC expansive jurisdiction, which goes beyond the commonly used

Shiba Inu (SHIB) Revolutionizes Blockchain with Shibarium Launch

• Developer Shy Kusama unveiled the principles of Shibarium in a blog post, tackling Shadowcats and centralized banking systems. • Shibarium’s four main values include burning SHIB, protecting the community, helping with donations, and growing with the Doggy DAO wallet. • The Shiba Inu (SHIB) Army is divided into two camps: those rushing to launch

Tether Makes $700M Profit in Crypto Turmoil

• Tether announced on Thursday that it generated a $700 million profit last quarter. • The company said that it had reinvested the profit back into its reserves and ended 2022 with excess reserves of at least $960 million. • Despite the crypto winter, Tether has proven its stability, resilience and ability to handle bear