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, the SEC and CFTC signed a memo to regulate crypto and other emerging markets in harmony, the head of the US Federal Deposit Insurance Corporation said the GENIUS Act doesn’t give the agency the authority to guarantee stablecoin deposits, while Binance filed a lawsuit after the Wall Street Journal reported a US Justice Department probe into Iran’s alleged use of the exchange to avoid sanctions.

Two of the US’s most influential financial regulators have agreed to better coordinate oversight of the financial markets, seeking to put an end to decades of “regulatory turf wars” between them.

According to the memorandum of understanding written on Wednesday, the US Securities and Exchange Commission and US Commodity Futures Trading Commission said it has become a “pivotal time” to regulate in harmony as new technologies, such as crypto, make it more challenging to monitor the markets.

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