Ex-FTX exec ‘not worried’ about reporting to prison on Oct. 11
Ryan Salame pleaded guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission after FTX’s collapse. Go to Source
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Crypto.com sues SEC to ‘protect the future of crypto’ in US
Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency. Go to Source
Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC … Read more
BRICS Unified Currency Deemed Premature by Russian Official
Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively … Read more
SEC Flags Risks in Crypto and Emerging Tech Investment Scams
The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, … Read more
Experts hint Donald Trump consider Robinhood exec to lead SEC: Report
Dan Gallagher, a former SEC commissioner, was one name former regulators reportedly said a Trump administration may consider to chair the securities regulator. Go to Source
Bankruptcy judge approves FTX’s reorganization plan
Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users. Go to Source
Sen. Elizabeth Warren will debate lawyer John Deaton twice in October
Many crypto proponents suggested the race could be a referendum on digital asset policy in the US Senate, with polls showing Warren leading by at least 20 points. Go to Source
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin … Read more
Coinbase urges court to reconsider appeal, cites SEC vs Ripple
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities. Go to Source