Banking uncertainty has brought crypto new life, both in the markets and in the news.

But the headlines are still fines, arrests, and regulation…

The more things change…

Do Kwon Arrested

Do Kwon, founder of Terra and “architect” of the $40 billion crash of its native currency LUNA, was arrested in Montenegro.

An arrest warrant was first issued by South Korea back in September.

Kwon was previously believed to have been hiding out in Serbia.

Crypto’s most-wanted man (who was not already under arrest, at least) is being charged with fraud.

You can read the full story here.

Biden Criticizes Crypto

President Biden had little positive to say about crypto in his annual Economic Report of the President to Congress, claiming that most crypto technology in its current state provides “no fundamental value”.

Joe Biden has discouraged banks from dealing in cryptocurrencies with a series of legislation unofficially dubbed “Operation Chokepoint 2.0”.

You can read more here.

Ted Cruz Opposes Digital Money

While President Biden may not support crypto in its private and decentralized form, he’s been working hard to use its technology to create an American Central Bank Digital Currency (CBDC).

Senator Ted Cruz introduced a bill that would block the Federal Reserve from introducing a digital currency.

Cruz argues…

"The bill goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency and instead, allows it to thrive in the United States. We should be empowering entrepreneurs, enabling innovation, and increasing individual freedom — not stifling it."

You can read more about the proposed bill here.

Jake Paul Fined

YouTube “star” Jake Paul was fined $400,000 by the SEC for illegally promoting various crypto projects.

The SEC claimed that Paul did not disclose that he was compensated for his endorsements.

You can read more and see the other celebrities charged here.