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Mark Cuban has publicly criticized SEC Chair Gary Gensler, expressing concerns over his regulatory approach. Cuban's comments come as Gensler faces pressure from both the crypto industry and political figures, including former President Trump, who have called for his removal. Cuban's evolving stance highlights the ongoing tensions in financial regulation.
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Following Donald Trump's election victory, expectations rise for a significant shift in cryptocurrency regulation. Trump has pledged to remove SEC Chair Gary Gensler, whose tenure has been marked by strict enforcement against digital assets. This change could lead to a more favorable environment for crypto companies in the U.S.
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At a Sotheby’s auction in New York, a banana duct-taped to a wall, titled 'Comedian' by Maurizio Cattelan, sold for $6.2 million. The buyer, crypto entrepreneur Justin Sun, plans to eat the banana as part of the artistic experience. This sale highlights the intersection of art, culture, and cryptocurrency.
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Gautam Adani, India's billionaire tycoon, faces serious US fraud charges involving a $250 million bribery scheme linked to solar energy contracts. The allegations have already impacted his business empire, resulting in significant market losses and raising concerns about the broader implications for India's economy.