Top crypto news this week: Elon Musk, SEC, and Franklin Templeton.

As Bitcoin mining achieves the milestone of 50% clean energy usage, the cryptocurrency community eagerly awaits the next steps from Elon Musk and Tesla.

Key Insights:

• The ongoing legal proceedings by the SEC against Ripple and Coinbase are the primary focus of discussions and predictions within the cryptocurrency community.
• Bitcoin mining has reached a noteworthy achievement by utilizing 50% clean energy, which has brought environmental debates into the spotlight.
• FTX's choice to sell a portion of its $3.4 billion worth of cryptocurrency holdings has raised concerns among investors and had an impact on crypto prices.

SEC Cases Against Ripple and Coinbase Take Center Stage in Crypto Community

The ongoing SEC cases against Ripple and Coinbase are the primary focus of attention in the crypto industry, with experts, community members, investors, and the SEC eagerly awaiting court rulings.

Crypto Community Eagerly Awaits Court Rulings on SEC Cases

The crypto community is anxiously anticipating the outcomes of the court rulings on the SEC cases against Ripple and Coinbase, as they carry significant implications for the classification of cryptocurrencies as commodities or securities.

Coinbase Motion to Dismiss Could Impact US Digital Asset Landscape

Coinbase's motion to dismiss the SEC's claims may have significant consequences for the US digital asset landscape, potentially leading to a settlement in the SEC v Ripple case, according to CryptoLaw founder John E. Deaton.

Franklin Templeton Joins BTC-Spot ETF Race, Names Custodians

Asset management giant Franklin Templeton has entered the race to launch the first BTC-Spot ETF, appointing Bank of New York Mellon as the custodian for cash holdings and Coinbase as the custodian for BTC holdings, joining other prominent fund managers like Blackrock, Fidelity, and Invesco.

Bitcoin Mining Achieves 50% Clean Energy Milestone, Potential Implications

Bitcoin mining reaching the milestone of using 50% clean energy has significant implications for the industry. It may alleviate concerns about the environmental impact of mining and increase the likelihood of Tesla resuming BTC payments, as Elon Musk previously stated.

FTX's Asset Sale Raises Concerns Among Investors

FTX's plan to offload $200 million from its $3.4 billion cryptocurrency stockpile has spooked investors, impacting BTC prices. FTX holdings include substantial amounts of Solana, bitcoin, and ethereum.

SEC Charges Stoner Cats 2 LLC for Alleged Unregistered NFT Securities

The SEC has filed charges against Stoner Cats 2 LLC, accusing them of offering unregistered crypto asset securities in the form of NFTs. SEC Commissioners Hester Peirce and Mark Uyeda dissented from the charges, while Ripple's Chief Legal Officer called it a PR stunt.

Overall, these events and developments are shaping the crypto landscape and generating significant interest and speculation within the community.