FTX bankruptcy filing speculates over 1 million creditors
In the latest bankruptcy filing for the exchange, it was revealed that there may be one million creditors, rather than the 100,000 initially estimated. Go to Source Powered by WPeMatico
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President Biden announces pick for FDIC chair
Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration. Go to Source Powered by WPeMatico
FTX, FTX US, and Alameda file for Chapter 11 bankruptcy in US; SBF resigns
FTX CEO Sam Bankman-Fried has resigned his position, and will be succeeded by John Ray. Go to Source Powered by WPeMatico
FTX US resigns from the Crypto Council for Innovation
“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren. Go to Source Powered by WPeMatico
Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was “helping SBF and FTX work on legal loopholes,” but said he was looking into the matter. Go to Source Powered by WPeMatico
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters. Go to Source Powered by WPeMatico
Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?
Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman’s U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided. Go to Source Powered by WPeMatico
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days. Go to Source Powered by WPeMatico
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities.” Go to Source Powered by WPeMatico
Single-issue crypto voters weigh in on midterms before US Election Day
The outcome of elections with pro- and anti-crypto political candidates could determine the future of digital asset legislation and regulation in the United States. Go to Source Powered by WPeMatico