It's been a long time since I heard the ICO (Initial Coin Offering) and it comes out again. I heard the PulseX project before, but I never had the chance to check it out.

It looks like SEC or should I say Gary Gensler won't stop at this point and there may be more projects that will come out being filtered out by them. He may be busy with checking out the AI technology injected in cryptocurrencies, but he won't stop suing more.

I found some recent news about SEC and Gensler.
https://www.coindesk.com/policy/2023/08/15/republican-lawmakers-demand-gensler-tell-them-how-prometheum-got-sec-approval/
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval

Ooh. That is quite a serious question indeed.

^CZ. I remember when he posted something about BitBoy too.

https://x.com/DevKhabib/status/1704875945612505445?s=20

And now, BitBoy is in the hot zone.
https://decrypt.co/198741/ben-bitboy-armstrong-reportedly-arrested-after-livestream-rant

A crypto influencer who was also cornered because of supporting or promoting FTX.
I don't know what happened to this guy. IMO, he ain't thinking straight anymore. He livestreamed someone else property, he brought a gun, and to make it worse his woman who he is having an affair with.
Now the donation thing stream that he did is getting worse feedback and I doubt he will get any penny now.

He is already released on bail but he put some scar on his reputation.
https://www.coindesk.com/policy/2023/09/26/ben-token-plunges-30-as-crypto-influencer-ben-armstrong-apparently-arrested/

^^
That is some huge news to drop from a case that the whole entire cryptocurrency space has been waiting to hear about the result too.
SEC dropped the legal case against the founders of ripple but there has been news that Gary Gensler can still appeal at a later date. So it is sort of a mute point since it doesn't mean much if SEC decides to go this route.
The cryptocurrency markets did respond to it when it initially was released a couple of days ago but has recessed a bit now of hearing such an appeal can still be in the works.
It is stalling tactic that the SEC and Gary is known for so don't be fooled.

Another possible hit to crypto world today as binance agrees to pay 4 BILLION $ fine to end the US legal action against them

Sadly, this also means CZ will be resigning as the CEO
 ;(

All this just when btc was on the rise...

This has nothing to do with Bitcoin, so hopefully it won't affect the price much. As far as I can see, not even the BNB price has been significantly affected yet, and is currently back to the values before today's pump.

Neither has moved on the news which hit cryptocurrency related users like a sledgehammer late yesterday.
Don't believe anybody saw these charges coming all at once towards his company during the briefing and prior to him needing to step down as CEO due to the nature of the crimes he was accused of.

Here is a news report from ABC News which runs down what occurred with the SEC on this matter:
https://www.msn.com/en-us/video/news/is-the-largest-global-cryptocurrency-exchange-binance-a-fraudulent-front

@target CZ also had to pay $50 million that was not part of the $4.3 billion settlement towards Binance yesterday. People have also mentioned he was paying the CCP since his family is from there and still has ties to China even though he has citizenship elsewhere.

Funny thing is the SEC was suing Jesse Powell the CEO of Kraken exchange yesterday. Then news broke about CZ and Binance resulting with all the focus on them instead.
https://cryptonews.com/news/kraken-exchange-ceo-jesse-powell-slams-sec-for-assault-on-america.htm

Binance and CZ were investigated into money laundering and the selling of securities by the SEC:

The above was posted up just a day before another law suit against the company were released from others involved.

Ever since there has been a target put on the crypto exchanges back for more law suits to be filed with the latest one happening to Ronaldo:
https://www.forbes.com/sites/zacharyfolk/2023/11/29/cristiano-ronaldo-faces-1-billion-class-action-lawsuit-for-promoting-binance/?sh=34d341964d1d
It seems the same lawyers from a Miami law firm are representing the cases against the celebrity sport stars who were promoting these crypto exchanges:
https://www.marketwatch.com/story/why-do-people-keep-suing-celebrities-like-ronaldo-and-tom-brady-over-their-crypto-losses-2b0624af

Gary Gensler tells lies and I am tired to read or watch things to get his opinion. Honestly, by losing lawsuit against Grayscale then had to approve Bitcoin Spot ETFs, time for arbitrary regulations from Gary Gensler and SEC. comes to ending.

His opinion now is less important than in the past because he now is under more control. We can get information about his opinion, but with awareness that he will have less power to do what he want or even under orders of the White House.

Glad to see more bitcoiners are realizing Gensler is not a friend of Bitcoin or the industry in general. Just last year whenever I would point out on these forums that Gensler is very anti-Bitcoin I'd have several people jumping down my throat defending him and acting like he was some sort of hero of Bitcoin lol.

Though with ETFs approved now and with SEC losing court cases against the industry Gensler's anti-Bitcoin/Crypto crusade is becoming less important, thankfully.