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Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability

Apr 23, 2024
Author
Tom Couture
Tom Couture AC
Market Update U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, #CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with #BTC (-0.18%) holding at $66.7k and #ETH (+1.48%) climbing to $3,250. The Akash Network ($AKT), a decentralized compute marketplace, is a top performer today, surging over 70% to $7.10 after being listed on Upbit. #AKT (+25.88%) has since pared its gains and is trading at approximately $5.25.The Blockchain Association, an industry non-profit promoting productive digital asset policy, is suing the SEC over its new definition of broker-dealers. In conjunction with the Crypto Freedom Alliance of Texas (CFAT), the lawsuit was filed in the Northern District of Texas, seeking a court order to strike down the new definition. The SEC introduced the new framework in February, defining a dealer as anyone who provides over $50 million in liquidity and acts as a market maker, creating dealer registration and capital r

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