Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world’s largest crypto exchanges.
U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance
The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes.
CFTC Pushes FTX-Inspired Rule to Protect Customers’ Money
Binance to Settle Charges With U.S. DOJ: Source
The DOJ will hold a press release later today to announce the settlement.
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages.
U.S. Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now
A federal judge heard arguments on the SEC’s motion for a temporary restraining order in court on Tuesday.
House Democrats Consider New Stablecoin Bill Proposal: Source
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.
U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts
The U.S. Treasury Department’s sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts.
Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn’t been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday.
U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations
The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on Friday.
SEC Warns Coinbase It’s Pursuing Enforcement Action Over Securities Violations
Crypto exchange Coinbase (COIN) may soon face an enforcement action tied to its listing of potential unregistered securities, the company said Wednesday.
CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
Foreign exchange transactions could drop from a two-day process to less than 10 seconds if central bank digital currencies (CBDCs) were involved, according to an experiment conducted by the Federal Reserve Bank of New York.
CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
Foreign exchange transactions could drop from a two-day process to less than 10 seconds if central bank digital currencies (CBDCs) were involved, according to an experiment conducted by the Federal Reserve Bank of New York.
SEC Calls 9 Cryptos ‘Securities’ in Insider Trading Case
The SEC and DOJ brought insider trading charges against three people Thursday, but assertions that nine cryptocurrencies are securities may hold greater implications.
Treasury Secretary Janet Yellen Calls Crypto ‘Transformative’ in Wide-Ranging Speech
A digital dollar could become a “trusted money comparable to physical cash,” U.S. Treasury Secretary Janet Yellen said in her first speech on digital assets on Thursday. Speaking to attendees at an American University event, Yellen highlighted the extreme divergence of perceptions about crypto, saying that’s often the case with “transformative” technology.