Justin Sun has successfully avoided a fraud investigation by the SEC after investing $30 million into a cryptocurrency scheme linked to Trump. The SEC charged him earlier but has now dropped the charges.
Tracking over the time

Bitcoin is facing a significant downturn with a projected 19% decline in February, the worst month it has experienced since June 2022, amid macroeconomic challenges. Investors remain cautious as regulatory optimism fades.

The SEC has declared that most meme coins do not classify as securities under federal law, highlighting their limited use and functionality. This development is seen positively in the crypto community for fostering investment.

The S.E.C. clarified that memecoins are not considered investment contracts and therefore not subject to federal securities laws, but fraudulent conduct regarding them may still face enforcement.

The article discusses a significant hack of the cryptocurrency exchange Bybit, where hackers stole $1.5 billion, and mentions Robinhood's SEC investigation dismissal.
