The Mid-Atlantic region, served by the PJM grid operator, is facing a growing crisis as rising consumer costs and perceived lack of accountability fuel frustration among elected officials. Critics argue that PJM has prioritized utility company interests over those of consumers, employing tactics perceived as misleading and lacking transparency, with significant increases in transmission costs attributed to questionable practices involving exceptions to competitive procurement processes. The undue influence of utility companies on PJM's leadership is also a central theme, prompting calls for reforms such as stricter enforcement of competitive procurement processes, increased transparency, and greater accountability to address the ongoing issues and potentially explore alternative grid operation models.

South Korea is prepping for a major crypto overhaul with strict regulations scheduled for July 19. This includes the Virtual Asset User Protection Act and Virtual Asset Industry Supervision Regulations. #Crypto #RegulatoryOverhaul According to Cryptopolitan.