Crypto Twitter explodes over the news of Sam Bankman-Fried’s arrest
US politicians, crypto execs, and influencers fired up their Twitter apps upon learning of Sam Bankman-Fried’s arrest in The Bahamas. Go to Source Powered by WPeMatico
Elizabeth Warren
Auto Added by WPeMatico
US Senator: There’s ‘no reason why’ crypto should exist
Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there’s “no reason” why it should exist. Go to Source Powered by WPeMatico
Crypto will be regulated as securities — ICE boss and Senator Warren
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto. Go to Source Powered by WPeMatico
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up
The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.” Go to Source Powered by WPeMatico
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed and over-restrictive regulations. The Game-Changing Role of Crypto in Africa As the crypto … Read more
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s … Read more
US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’
U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the law to protect consumers and financial stability.” However, many people pointed out that the Securities and Exchange Commission (SEC) has failed to provide clear … Read more
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look … Read more
Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey
Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Go to Source Powered by WPeMatico
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers are concerned with the so-called climate crisis, and the … Read more