Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, investors allege US banking giant JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memo to regulate crypto and other emerging markets in harmony, and the head of the US Federal Deposit Insurance Corporation (FDIC) said the GENIUS Act doesn’t give the agency the authority to guarantee stablecoin deposits.

JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures.

Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds.

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