🔍 SEC ends probe into Crypto.com

What we’ll cover today:

🔍 SEC ends probe into Crypto.com with no penalty

🏛️ South Carolina files bill to hold up to 1M BTC

🔐 Coinbase open-sources its top-tier crypto security tools

Crypto.com Escapes SEC’s Wrath!

Crypto.com, one of the largest crypto exchanges, had a long-running beef with the U.S. SEC. It’s finally over—peacefully.

🚨 Breaking News:
The SEC officially ended its probe into Crypto.com with no penalties, no fines, and no further action. Case closed.

⚡ Wire Simplified:

• Crypto.com previously received a Wells notice from the SEC.

• It clapped back with a lawsuit in Oct 2024, which was later dismissed.

• SEC’s new leadership decided not to pursue further action.

• No fines. No settlements. Just a clean exit.

• Crypto.com’s legal officer called out old SEC heads for “overreach.”

✔️ Straight to the Point:
SEC quietly ends investigation after months of drama. Crypto.com walks away clean, and the crypto crowd can breathe (for now).

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South Carolina Wants to HODL Bitcoin Like a Boss 💼

South Carolina just proposed a bill that lets the state treasury officially buy and hold Bitcoin. Yep, seriously.

🚨 Breaking News:
The new bill proposes a Digital Asset Reserve to hedge inflation with Bitcoin, allowing up to 1 million BTC in holdings.

⚡ Wire Simplified:

• The bill is called the Strategic Digital Assets Reserve Act.

• It lets the state treasurer invest in Bitcoin and other digital goodies.

• Total crypto can’t go over 10% of funds under management.

• Donations in crypto from residents? Also allowed.

• Storage will be ultra-safe via cold wallets or certified custodians.

✔️ Straight to the Point:
South Carolina is aiming to become the first U.S. state with its own crypto piggy bank. Smart hedge or wild bet?

Coinbase Drops Secret Sauce for Safer Crypto 🔓

Coinbase Institutional just dropped a major open-source MPC library—because what’s better than keeping your crypto safe? Sharing how.

🚨 Breaking News:
Coinbase open-sourced its Multi-Party Computation (MPC) tech—basically a “no single key to steal” method of signing crypto transactions.

⚡ Wire Simplified:

• MPC lets multiple people sign without exposing private keys.

• Coinbase now shares tools and docs with developers.

• Helps secure wallets and reduce theft risks.

• Could become the industry standard for crypto safety.

• A big W for open-source innovation in Web3.

✔️ Straight to the Point:
Coinbase just made the entire crypto space safer by sharing its MPC tools. More secure wallets = fewer hacks = win-win.