In recent events, SEC Chairman Gary Gensler has utilized the anniversary of Bitcoin's whitepaper for a light-hearted interaction with the cryptocurrency community, emphasizing the importance of adherence to securities laws. This move by Gensler comes at a time when the crypto world is facing multiple challenges. Today, Tether, despite holding a substantial $72 billion in cash reserves, is struggling to maintain its dominance in the stablecoin market. The company is dealing with increasing competition from other players in the field, which is gradually eroding its market share. In addition to this, the US and its 40 allied nations are currently developing a strategic response to an escalating ransomware problem that demands cryptocurrency ransoms.