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<p class="is-style-lead">In this week’s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried’s former associates whose testimony secured his conviction.</p>
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   <li>SEC proposed settlements for former FTX executives who testified against Sam Bankman-Fried.</li>
   <li>South Korean police busted a fake currency ring targeting crypto traders in in-person deals.</li>
   <li>Poland’s parliament revived comprehensive crypto legislation after an earlier rejection.</li>
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<p>Additionally, law enforcement in South Korea dismantled a criminal operation using counterfeit currency to defraud cryptocurrency traders and Poland’s parliament revived comprehensive industry legislation.</p>
<h2 class="wp-block-heading" id="sec-offers-settlements-to-ftx-cooperating-witnesses">SEC offers settlements to FTX cooperating witnesses</h2>
<ul class="wp-block-list">
 <li>The Securities and Exchange Commission proposed Friday settlement agreements for key members of Sam Bankman-Fried’s inner circle whose testimony proved critical during his criminal trial proceedings.</li>
 <li>These proposed resolutions address regulatory charges against individuals who cooperated with prosecutors in building the case against the former FTX CEO.</li>
</ul>
<h2 class="wp-block-heading" id="south-korean-police-dismantle-counterfeit-currency-scheme">South Korean police dismantle counterfeit currency scheme</h2>
<ul class="wp-block-list">
 <li>Authorities in South Chungcheong province are prosecuting a criminal group that manufactured fake Korean won bills to defraud cryptocurrency traders during in-person exchanges.</li>
 <li>Police discovered 9,188 counterfeit 50,000-won notes valued at approximately 459.4 million won ($330,000) in the suspects’ possession last year according to Chosun Ilbo reporting.</li>
</ul>
<p>You might also like: <a href="https://crypto.news/ethereum-etfs-extend-7-day-outflow-streak-eth-stalls/" rel="noopener noreferrer nofollow"> Ethereum ETFs extend 7-day outflow streak as ETH stalls below $3,000 </a></p>
<h2 class="wp-block-heading" id="polish-parliament-advances-cryptocurrency-regulation">Polish parliament advances cryptocurrency regulation</h2>
<ul class="wp-block-list">
 <li>The Sejm passed Thursday comprehensive crypto industry legislation by 241-vote approval.</li>
 <li>The Crypto-Asset Market Act remains unchanged from the version rejected earlier this month according to the Sejm’s press office confirmation.</li>
</ul>
<h2 class="wp-block-heading" id="coinbase-challenges-state-prediction-market-restrictions">Coinbase challenges state prediction market restrictions</h2>
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 <li>The cryptocurrency exchange filed federal lawsuits in Connecticut, Michigan, and Illinois challenging state attempts to prohibit prediction markets under gaming regulations.</li>
 <li>Legal complaints seek declaratory and injunctive relief arguing that prediction markets fall exclusively under Commodity Futures Trading Commission jurisdiction rather than state gaming boards.</li>
</ul>
<h2 class="wp-block-heading" id="ethereum-developers-name-2026-upgrade-roadmap">Ethereum developers name 2026 upgrade roadmap</h2>
<ul class="wp-block-list">
 <li>Core development teams officially <a href="https://www.youtube.com/watch?v=_KGsKUeH77g" rel="noopener noreferrer nofollow">designated</a> the network’s next upgrade as “Hegota,” defining the 2026 development cycle within the blockchain’s twice-yearly release schedule.</li>
 <li>The name blends the execution layer’s “Bogota” upgrade, following Devcon host city naming traditions, with the consensus layer’s “Heze” star designation.</li>
</ul>
<p>You might also like: <a href="https://crypto.news/arthur-hayes-sees-bitcoin-reclaiming-124k/" rel="noopener noreferrer nofollow"> Arthur Hayes says Fed’s RMP is ‘QE in disguise,’ sees Bitcoin reclaiming $124K </a></p>
<h2 class="wp-block-heading" id="bybit-returns-to-uk-market-operations">Bybit returns to UK market operations</h2>
<ul class="wp-block-list">
 <li>The exchange announced Thursday it resumed United Kingdom services including spot trading on 100 currency pairs, two years after stricter promotional and marketing regulations forced its departure.</li>
 <li>The platform serving approximately 80 million users worldwide restarted operations under updated compliance frameworks addressing UK regulatory requirements.</li>
</ul>
<h2 class="wp-block-heading" id="terraform-labs-liquidator-sues-jump-trading">Terraform Labs liquidator sues Jump Trading</h2>
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 <li>Court-appointed plan administrator Todd Snyder <a href="https://crypto.news/terraform-labs-estate-4b-jump-trading-lawsuit-2025/" rel="noopener noreferrer nofollow">filed</a> suit seeking $4 billion in damages from Jump Trading, co-founder William DiSomma, and former president Kanav Kariya for the firm’s 2022 multibillion-dollar collapse.</li>
 <li>The Wall Street Journal reported the legal action targets Jump Trading’s role in the Terra ecosystem failure, with the company confirming the lawsuit through social media communications.</li>
</ul>
<p>You might also like: <a href="https://crypto.news/crypto-vc-funding-redotpay-leads-107m-fuse-bags-70m/" rel="noopener noreferrer nofollow"> Crypto VC Funding: RedotPay leads with $107m, Fuse bags $70m </a></p>
<h2 class="wp-block-heading" id="annual-cryptocurrency-theft-exceeds-3-4-billion">Annual cryptocurrency theft exceeds $3.4 billion</h2>
<ul class="wp-block-list">
 <li>Blockchain intelligence firm Chainalysis reported that cryptocurrency theft totaled over $3.41 billion from January through early December.</li>
 <li>The $1.5 billion Bybit exchange hack accounted for approximately 44% of the annual total, with the top three incidents representing 69% of all service losses.</li>
</ul>
<h2 class="wp-block-heading" id="indian-regulators-approve-coinbase-coindcx-investment">Indian regulators approve Coinbase-CoinDCX investment</h2>
<ul class="wp-block-list">
 <li>The Competition Commission of India approved Tuesday Coinbase Global’s proposed minority stake acquisition in DCX Global Limited, the parent company of local exchange CoinDCX.</li>
 <li>The approval follows CoinDCX’s recovery from a $44 million security breach that required substantial user compensation efforts.</li>
</ul>
<h2 class="wp-block-heading" id="coinbase-unveils-comprehensive-platform-expansion">Coinbase unveils comprehensive platform expansion</h2>
<ul class="wp-block-list">
 <li>The exchange revealed Wednesday during a livestreamed event that U.S. customers will gain access to traditional stock trading alongside over a dozen new and updated products.</li>
 <li>Platform enhancements span prediction markets, Solana-based decentralized finance integration, and end-to-end infrastructure for creating real-world asset digital representations.</li>
</ul>
<p>You might also like: <a href="https://crypto.news/nft-sales-rise-12-to-67-7m-ethereum-sales-spike-45/" rel="noopener noreferrer nofollow"> NFT sales rise 12% to $67.7M, Ethereum sales spike 45% </a></p>
<h2 class="wp-block-heading" id="visa-extends-stablecoin-settlement-to-united-states">Visa extends stablecoin settlement to United States</h2>
<ul class="wp-block-list">
 <li>The payments giant expanded its stablecoin pilot to include U.S. settlements using Circle’s USDC on the Solana (SOL) blockchain.</li>
 <li>Initial banking partners Cross River Bank and Lead Bank will enable U.S. acquirer and issuer partners to settle in USDC, with broader rollout expected throughout 2026.</li>
</ul>
<h2 class="wp-block-heading" id="strategy-maintains-billion-dollar-bitcoin-purchases">Strategy maintains billion-dollar Bitcoin purchases</h2>
<ul class="wp-block-list">
 <li>Strategy announced its second consecutive week of nearly $1 billion Bitcoin (BTC) acquisitions, adding 10,645 BTC for $980.3 million at an average price of $92,098 per coin.</li>
</ul>

SEC proposes FTX insider settlements, South Korean crypto counterfeit ring busted, Poland revives crypto bill | Weekly Recap

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