Sasha Ivanov, founder and CEO of the Waves said issues of the market manipulation is a big problem for investors, users and in order to protect users against bad actors, crypto industry needs regulation.
The U.S. Securities and Exchange Commission (SEC) has warned about scammers exploiting invert' fear of missing out (FOMO) on social media. ''If an investment 'opportunity' sounds too good to be true, it probably is,'' the SEC cautioned.
The U.S Treasury Department's sanctioning of the Tornado Cash, cryptocurrency mixer, was an unprecedented move which is a threat to privacy and innovation, said one member of the U.S Congress. And he added that he believes the Congress should start asking questions.
Community member Dotverse suggested holding a vote on whether to burn some of the coins in the aUSD stablecoin in a proposal that was made on August 15.