OKX’s Crypto Fine Shock

Malta's watchdogs hit OKX's European arm with a €1.1M fine for lax money-laundering defenses. This slap comes after struggling to manage risks related to complex crypto mechanisms. Despite improvements, their 2023 oversight was just too weak. Meanwhile, in the US, the crypto realm’s future might shift with Paul Atkins nearing the SEC chair role—thanks to a Senate Banking nod. However, a US court cramps Genius Group’s Bitcoin ambitions due to legal tangles, putting a leash on its currency chest. Quite the turbulent crypto day in Europe and the US!