$40 million in BTC may be sold by hackers

18 US states filed a lawsuit against the Securities and Exchange Commission (SEC) and five commissioners under the leadership of Chair Gary Gensler.

Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange and laundered 119,754 BTC (now valued at approximately $10.5 billion), received a five-year prison sentence instead of the potential twenty, thanks to his collaboration with authorities. At the time of the hack, the stolen assets were valued at $71 million.

Optimism runs high in the crypto sector with the election of John Thune as the Republican leader in the U.S. Senate, particularly given the Republican control of both the Senate and Congress.