Weekly Recap: Bitfinex Restitution, Trump’s Crypto Overhaul, and More

In this weekly recap, we cover:

• Bitfinex’s $9 Billion Bitcoin Restitution: The U.S. government plans to return 94,643 BTC to Bitfinex, marking a major recovery from the 2016 hack.
• Tether Moves to El Salvador: The stablecoin giant establishes its headquarters in the Bitcoin-friendly nation, citing favorable policies and a growing crypto community.
• Trump’s Crypto Overhaul: The president-elect aims to reverse restrictive crypto policies, with new SEC leadership preparing to clarify crypto regulations.
• BitMEX Faces $100 Million Fine: The exchange is penalized for failing to implement proper AML and KYC measures, bringing total penalties to $210 million.
• SEC Appeals Ripple Ruling: The SEC seeks to overturn the decision exempting XRP retail sales from securities classification.
• Coinbase Scores Another Win: A federal court orders the SEC to explain its refusal to develop crypto-specific regulations.
• Chainlink Whale Controversy: A trader exploits staking limits to stake over $20 million in LINK, consolidating rewards and moving millions to Binance.
• Jupiter’s $575 Million Airdrop: The Solana-based DEX announces its second annual “Jupuary” airdrop, distributing rewards to two million wallets.
• Ethereum Foundation’s Social Media Revamp: Following criticism, the EF introduces new accounts to boost communication with the community.
• Pump.fun Faces Legal Threat: The Solana meme coin platform may face a lawsuit over allegations of investor harm and controversial content.

• Fun Bits: TikTok Ban Drama Sparks Memecoin Frenzy: The potential U.S. TikTok ban sends Solana-based memecoin MOMO up 160x, proving crypto’s love for chaos and dinos!