Main Crypto News for June 5 – Coinbase Announces | SEC And Tether

SEC Chair Gary Gensler Avoids Claiming “All Tokens Are Securities”

In an interview with CNBC, Gary Gensler refrained from asserting that all tokens are securities. Instead, he stated that “tokens lack proper disclosure” and dodged questions about the potential launch of ETFs based on other cryptocurrencies, emphasizing the risks associated with cryptocurrencies. Source

Coinbase Announces Smart Wallet Launch

Coinbase has launched a Smart Wallet that currently supports 8 blockchains: Ethereum, Optimism, Arbitrum, Base, Polygon, Avalanche, BNB, and Zora. This wallet aims to simplify adoption and facilitate gas-free transactions. Source

Moscow Authorities Detain Over Ten Bybit Exchange Clients

Law enforcement in Moscow has detained more than ten clients of the Bybit cryptocurrency exchange. According to the legal agency Cartesius, these clients were involved in P2P transactions on the platform and inadvertently became counterparties to the perpetrators who stole money from a monastery. In early May, an employee of the monastery fell victim to fraudsters, resulting in the theft of 26.4 million rubles from its accounts. Source

Tether CEO Warns of Phishing Attacks

Paolo Ardoino, CEO of Tether, warned of a wave of phishing attacks, stating that one of the service providers used by crypto companies for email management may have been hacked. This claim was confirmed by CoinGecko co-founder Bobby Ong. Source 1 Source 2