SEC CHAIR GARY GENSLER'S COURT LOSSES ARE PILING UP IN CRYPTO

Summary from the TLDR Crypto newsletter

The SEC has experienced a myriad of setbacks in its crypto-related enforcement actions recently. It suffered a defeat in court over Grayscale's bitcoin trust conversion and lost a lawsuit against Ripple concerning its XRP token. These losses have exposed potential weaknesses in the SEC's arguments against crypto as a whole. Upcoming cases against big crypto exchanges Binance and Coinbase offer further challenges for the agency to overcome.