Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto: The SEC has issued warning letters to asset managers over leveraged ETFs offering more than 200% exposure to underlying assets. Binance has named co-founder Yi He as co-CEO, and the United Kingdom has passed legislation clarifying how property rights apply to crypto.

The US Securities and Exchange Commission (SEC) sent warning letters to several exchange-traded fund (ETF) providers, halting applications for leveraged ETFs that offer more than 200% exposure to the underlying asset.

ETF issuers Direxion, ProShares, and Tidal received letters from the SEC citing legal provisions under the Investment Company Act of 1940.

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