Senate FTX hearing: calls for regulation and crypto criticisms aplenty
“Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped,” said Senator Pat T Go to Source Powered by WPeMatico
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Sens. Warren and Marshall introduce new money-laundering legislation for crypto
The senators have created a harsh, sweeping bill to clean up crypto’s AML/KYC act that will benefit from further discussion in the next Congress. Go to Source Powered by WPeMatico
Will FTX’s ill wind reach the Global South? Maybe not
In Latin America, “crypto is functional, it has a real utility.” It can hedge inflation, provide access to dollars and internationalize wealth. Go to Source Powered by WPeMatico
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution … Read more
‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment
Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests. Go to Source Powered by WPeMatico
CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud
According to the federal regulator, SBF and FTX companies “used FTX customer funds for a variety of personal expenditures” including real estate and private jets. Go to Source Powered by WPeMatico
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas. Go to Source Powered by WPeMatico
Coinbase report shows dramatic increase in law enforcement enquiries worldwide
The crypto exchange says the overall number of enquiries is up 66%, with the United States producing the most by far; the U.S., and three European countries made 80% of all requests. Go to Source Powered by WPeMatico
Former top SEC crypto regulator hired by Caroline Ellison
Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s parents no longer on the Stanford Law School roster
Joseph Bankman and Barbara Fried have started facing professional consequences for their child Sam Bankman-Fried’s illegal actions. Go to Source Powered by WPeMatico