In 2022, crypto crimes reached $20.1 billion, contrasting with the traditional fiat system's $3.2 trillion illegal activities. This data, gathered from prominent global entities, sheds light on the misconceptions of crypto's inherent fraudulence, urging policymakers to make well-informed decisions. In other developments, Ripple's CTO, David Schwartz, proposed a new feature for the XRP Ledger, emphasizing the need for community support. Midas.Investments faced a shutdown after a $63.3M loss, with indications pointing towards its flawed strategies and risky endeavors. Meanwhile, the former CEO of Voyager Digital, Stephen Ehrlich, is under the US CFTC's radar for possible regulatory violations, with Voyager currently navigating bankruptcy and facing further regulatory challenges. The SEC has been actively targeting crypto-related entities in 2023, with Binance as a notable example.