This week in DeFi and the crypto world has seen numerous significant occurrences. Here is a concise overview of the key news.

Consensys' Lawsuit Against SEC

A Texas court dismissed Consensys' lawsuit against the SEC, challenging the classification of Ethereum as a security. Consensys had filed the lawsuit after receiving a notice from the SEC regarding potential actions related to its Ethereum wallet, MetaMask.

Binance and Nigerian Regulations

Binance announced it will not adhere to Nigeria's new digital asset regulations until its executive, Tigran Gambaryan, is released. The new rules require digital asset providers to establish offices in Nigeria.

Circle's Expansion in Brazil and Mexico

Circle has integrated its stablecoin, USDC, with Brazil’s PIX and Mexico’s SPEI payment systems, allowing local businesses to convert currencies into USDC, speeding up cross-border transactions.

This week in DeFi has shown a great interest in expanding banking operations using cryptocurrencies and highlighted significant regulatory and partnership events in the industry.