This week, there were no significant developments in the ongoing battle between the SEC and the blockchain industry, resulting in stagnant crypto prices. While SEC Chairman Gary Gensler reiterated his agency's willingness to assist crypto companies in registering, opponents, including SEC Commissioner Hester Pierce, are challenging the SEC's position that existing securities laws provide clear enough guidelines for the industry.

Hollywood actress Justine Bateman warned her colleagues about the potential impact of AI technology on their profession. Additionally, there were instances of questionable behavior in the crypto world, including a memecoin creator accused of unprofessionalism and a crypto influencer accused of quickly dumping tokens he had promised not to sell.

Meanwhile, Republican lawmaker Tom Emmer introduced a new bill called the Securities Clarity Act, which aims to enable crypto projects to comply with securities law and compete globally. The Pudgy Penguin NFT craze has also extended to physical toys, with over 20,000 individual penguin toys selling for over $500k on Amazon in just two days, while the use of bots resulted in a costly mistake for one bot owner.