Here’s What Happened in Crypto Today – Cointelegraph

The former chair of Singapore’s financial regulatory authority has been elected as the city-state’s new president. In Australia, lawmakers have returned a cryptocurrency bill introduced by Senator Andrew Bragg for minor revisions following a significant delay in the report’s release. Additionally, the value of GALA, the native token of the Gala ecosystem, has experienced a decline after two of its co-founders initiated separate lawsuits against one another.

### Regulator Who Called Crypto ‘Highly Risky’ Becomes Singapore’s Next President

Tharman Shanmugaratnam, a former finance minister in Singapore, secured victory in the presidential election over the weekend, a result that has elicited varied responses from the cryptocurrency community.

### Australian Lawmakers Review Crypto Bill by Andrew Bragg

### GALA Price Declines Amid Legal Disputes Between Founders

The price of the GALA token has fallen as the co-founders engage in a legal battle.

This situation reflects ongoing developments in both Singapore and Australia concerning cryptocurrency regulations and the challenges faced within the digital asset ecosystem.