GM, this is The Crypto Explorer, the only newsletter with headlines so hot our writer can't stand the heat! 🥵

Here’s what we got for you today:

• 🗣️ Hester Pierce: Not Everything Is a Financial Asset!

•  🚨FTX Reboot Alert!

• 🧱 Around The Block: CFTC issues $54M default judgment against trader in crypto fraud scheme.

🗣️ Hester Pierce: Not Everything Is a Financial Asset!

SEC Commissioner Hester Peirce speaks on cryptocurrency laws in the United States.

During her appearance at Australian Blockchain Week, Peirce started off by shaking things up with a bold statement:

Want to know these non-financial uses of crypto, see here.

Peirce didn't hold back in criticizing the SEC.

She called out the SEC’s inflexible regulations that fail to adapt to the evolving crypto and blockchain landscape.

I mean, it's like they're using regulations from the Stone Age while the crypto world is busy soaring into the future.🙄

Come on, SEC, time to catch up!

She also took a swipe at the SEC's enforcement actions - stating that regulators shouldn't wait for years before showing up with a bunch of penalties.

But the crypto community is not without blame either.

Referring to the FTX collapse and subsequent misconduct allegations, she advised the industry to engage in some good old self-regulation. (Here’s how)

Come on, folks, let's not rely on the government to do it all!

 🚨FTX Reboot Alert!

We may have an FTX reboot on our hands!

According to The Wall Street Journal's report, FTX restructuring chief John Ray confirmed that the company has initiated the process of seeking interested parties for the reboot of the FTX.com exchange.

And get this - Blockchain lending company “Figure” is among the parties who have displayed interest in the process.

Potential bidders have until the end of the week to lodge Letters of Intent, so if you’re interested, now’s the time to act!🏃‍♀️

FTX’s current creditors are not left out either: They would potentially be offered a stake in the reorganized crypto exchange, among other forms of compensation.

Good for them huh?😄

In addition, FTX intends to completely rebrand itself with an entirely new name.

We wonder what it’ll be🤔

Read the full story here.

🧱 Around The Block: CFTC issues $54M default judgment against trader in crypto fraud scheme.

• 👩‍⚖️ Judgement: CFTC issues $54M default judgment against trader in crypto fraud scheme.

• ⚠️Stablecoin Risks: RBI lists the risks of stablecoins in developing economies, and calls for global regulation.

• 💹 Stock Exchange: Australian stock exchange may consider listing tokenized real-world assets.

• ⚖️ Crypto Regulation: Italy’s central bank calls for a framework to prevent stablecoin runs.

That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW