Introduction: In a move to fortify safety measures within the Treasury markets, the U.S. Securities and Exchange Commission (SEC) has recently adopted two stringent rules. These regulations mandate that market participants involved in substantial liquidity provision activities must register with the SEC and become members of a self-regulatory organization.

In a significant development that has sent shockwaves through the cryptocurrency industry, the U.S. Justice Department has leveled charges against three individuals implicated in the hacking of FTX, a prominent cryptocurrency exchange. This case has drawn attention not only for the sheer scale of the theft, which exceeds $400