Amid headlines of more hacking, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is looking to Senator Elizabeth Warren to help increase the SEC's authority. "We need additional authorities to prevent transactions, products, and platforms from falling between regulatory cracks," Gensler said in response to Warren's questions about his plans on crypto oversight.
More than $600 million was stolen from the blockchain site Poly Network as hackers took advantage of a vulnerability in the system and stole thousands of digital tokens, including Ethereum. Despite hacking and increasing regulation talks, the cryptocurrency market is still booming. Some analysts predict that 50k is in sight, and cryptocurrencies will have their new era.
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