Bitget Hacked, Cuomo Seeks Clarity on US Digital Asset Regulation

Bloomberg Crypto's latest episode features an interview with Andrew Cuomo, Co-Chair of the ICE-OKX Joint Venture. Cuomo seeks clarity on the regulatory landscape for digital assets in the US. He emphasizes that there is still much to be learned about decentralized finance and that regulators must work closely with industry stakeholders to establish a clear framework.

In other news, Bitget has been hacked, resulting in losses estimated to be in the hundreds of thousands of dollars. The exchange's CEO, Gracy Chen, attributes the breach to a phishing attack on one of its employees. Chen assures that the security team is working around the clock to contain the damage and restore systems.

SEC Commissioner Hester Peirce joins the conversation to discuss her recent departure from the agency. In an exit interview, she reflects on the challenges she faced in promoting regulatory clarity for digital assets during her tenure at the SEC. Peirce emphasizes that it's essential for regulators to understand the industry and its potential benefits before imposing new rules.