The competitive crypto industry has seen many highs and lows in recent days. Binance, a formerly preeminent platform, has seen its edge in the market slipping away due to the growth of Huobi and OKex. More recently, Do Kwon and Hang Chang-joon, co-founders of the Terraform Labs, will be granted a conditional release from prison in Montenegro after an initial accusation had been refused.

Meanwhile, the US SEC is taking a closer look at the mining sector. Marathon Digital is under investigation for not having report all transactions in one of its mining exploits back in 2020 and this news is causing concern in the industry over the possible tightening of regulations.

On the other hand, the European Parliament has passed the AI Act which could bring changes that may come to affect not only AI, but also crypto.This law is more strict than anticipated since different uses of AI have been classified, and the consequential risk of something deemed illegal increasing.

For these reasons, the future of the crypto industry can be unpredictable and people involved are keeping an eye on the market and the regulators.



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