Sam Bankman-Fried will likely appear in a suit and tie at trial
The former FTX CEO will have access to 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, and 2 pairs of shoes — no hoodies were requested. Go to Source
Regulation
Auto Added by WPeMatico
US House committee leadership threatens to subpoena SEC over FTX docs
Patrick McHenry led efforts starting in February to obtain communication records between SEC and Justice Department staff over the arrest of Sam Bankman-Fried. Go to Source
Gensler testimony – crypto enforcement actions driven by “wide-ranging noncompliance”
SEC chair Gary Gensler is set to highlight a new focus on AI, predictive data analytics and the cryptocurrency sector before the U.S. financial services committee. Go to Source
SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January
The commission gave itself an additional 60 days to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange, with a final deadline set for Jan. 10. Go to Source
US lawmakers call on SEC chair to approve spot Bitcoin ETFs ‘immediately’
The members of the House Financial Services Committee are expected to question Gary Gensler during a Sept. 27 hearing on SEC oversight. Go to Source
Former White House official will lead Ripple’s policy and government arm
Ripple’s newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government. Go to Source
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States. Go to Source
Crypto bills could be delayed as many prepare for US gov’t shutdown
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30. Go to Source
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. Go to Source
Bybit will suspend services in UK following financial regulator’s ‘final warning’
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to “regulatory changes”. Go to Source