Weekly Recap: Crypto’s Regulatory Battle, Optimism Bedrock, and more

Never a dull week in crypto.

The regulatory climate for the industry continues to become more hostile, with the United States Securities and Exchange Commission suing Coinbase and Binance US last week. As the industry gears up for a tough regulatory battle on one side, it continues to deliver on its mission of a fair and transparent financial system on the other. Despite the challenging environment, crypto projects continue to innovate, ship better products, and grow their user base.

Top events for the past week revolve around these two themes – the industry’s regulatory battle and projects’ growth and innovation:

• The SEC's actions against the industry and the launch of the Digital Freedom Alliance
• Optimism’s Bedrock upgrade launches on Mainnet