Crypto advocates weigh on race for next US House Speaker
Lawmakers are scheduled to return to the House of Representatives on Oct. 11 to vote on a replacement for Speaker Kevin McCarthy, whose position has been vacant for a week. Go to Source
United States
Auto Added by WPeMatico
Ripple’s chief financial officer steps down amid SEC lawsuit
The SEC filed a lawsuit against Ripple in December 2020 for using XRP to raise funds, which the commission claimed was a violation of securities laws. Go to Source
Crypto investment products see largest inflows since July: CoinShares
Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Go to Source
House Republicans urge tighter export controls on advanced chips
The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation. Go to Source
Sam Bankman-Fried goes on trial: A week in review
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. Go to Source
CFTC weighs enforcement action against former Voyager Digital CEO: Report
Following the lending firm’s bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations Go to Source
FTX-SBF charges valid despite lack of US crypto laws, DOJ says
Sam Bankman-Fried’s counsel had argued that FTX was not located in the United States, and as SBF did follow regulatory obligations concerning FTX US, charges related to FTX international shouldn’t apply. Go to Source
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test. Go to Source
US Treasury sanctions crypto wallets as authorities crack down on fentanyl
According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs. Go to Source
Bitcoin drives digital asset inflows for the first time in 6 weeks: Report
But Solana was the only other major asset to show inflows for the week. Go to Source