U.S. SEC’s Crypto Oversight Team Will Add 20 Officials to Strengthen Enforcement

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Today’s Cryptocurrency Headline

The U.S. Securities and Exchange Commission (SEC) is adding 20 officials to a team dedicated to regulating crypto markets. The additions will bring the SEC’s Crypto Assets and Cyber Unit to 50 people, the agency said Tuesday in a statement. The focus of the expanded enforcement team will include virtual-currency offerings, decentralized finance and trading platforms, as well as stablecoins, according to the regulator. 

BingX’s Bitcoin Chart

Source: TradingView & BingX

zkSync, a layer-2 scaling solution for Ethereum based on ZKRollup, confirmed that it will issue tokens. The specific time has not been disclosed. BTC is down 3.66% over the last 24 hours and has fallen to an intraday low of $33,713.95. The largest cryptocurrency dropped over 6.8% over the past 7-days and is trading around sub-$35,000 for the first time since February. The 200-days moving averages have started to turn down, and the RSI is nearing the oversold zone, indicating that the bears are in control. Support around $32,000 could stop the pullback. If the bulls are unable to hold this level, we could see a further decline, and the next stop may be $28,000.

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