48 / 82 Relevant items tagged with #Policy

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(One Part of) Sam Bankman-Fried's Defense Strategy Starts Paying Off

[Oct 18, 2023 4:00 AM] All three of Sam Bankman-Fried’s “inner circle” members have now testified against the FTX founder, and all three have presented similarly on the witness stand: clearly rehearsed, adamant that the FTX founder was in charge and careful not to stray�

SBF Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant

[Oct 17, 2023 4:32 PM] The erstwhile crypto titan and avowed vegan was also scheduled to meet Empire State Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.

Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project

[Oct 17, 2023 3:35 PM] The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.

BC Technology Denies Report of $128M Crypto Exchange Sale

[Oct 17, 2023 11:19 AM] Firm calls report by Bloomberg “factually inaccurate and highly misleading.”

EU Formally Agrees on New Crypto Tax Data Sharing Rules

[Oct 17, 2023 10:52 AM] The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'

[Oct 17, 2023 10:05 AM] Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.

SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch

[Oct 17, 2023 9:41 AM] Sam Bankman-Fried's former colleague, Nishad Singh, will have to answer questions from the FTX founder's lawyer about the last few years of the exchange's operations.

Why Congress Will Be the Dollar’s Downfall

[Oct 17, 2023 8:55 AM] Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.

What’s Holding Crypto Back? It’s the Founders, Not Just Regulators

[Oct 17, 2023 8:19 AM]

The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways

[Oct 17, 2023 7:30 AM] Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried…

Binance.US Halts Direct Dollar Withdrawals

[Oct 17, 2023 6:14 AM] Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.

Pennsylvania Lawmaker Scraps Crypto Mining Ban to Advance Energy Conservation Bill

[Oct 17, 2023 5:05 AM] The state's Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin.

Banks Must Disclose Crypto Exposures, Global Regulator Says

[Oct 17, 2023 4:42 AM] The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said

EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes

[Oct 17, 2023 4:00 AM] The European Securities and Markets Authority doesn’t want foreign companies operating via EU “letterbox” entities

SBF Trial: FTX Exec Felt ‘Suicidal’ in Crypto Exchange’s Final Days

[Oct 17, 2023 4:00 AM] Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both…

Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT

[Oct 17, 2023 2:11 AM] Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter.

FTX Plans to Return 90% of Customer Funds, But There's a Catch

[Oct 17, 2023 12:32 AM] An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.

Genesis Ordered to Comply With Terra Subpoena Within 5 Days

[Oct 16, 2023 10:00 AM] The crypto firm failed to comply with requests made as part of a probe into the collapsed stablecoin, a New York judge said

Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing

[Oct 16, 2023 8:32 AM] Nishad Singh, the latest member of Sam Bankman-Fried’s inner circle to testify, said his admiration for SBF turned to “shame” on discovering FTX execs enriched themselves with customer funds.

California 'BitLicense' Bill Signed by Gov. Newsom

[Oct 16, 2023 4:36 AM] The Digital Financial Assets Law will take effect on July 1, 2025.

SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?

[Oct 16, 2023 4:00 AM] A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were…

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024

[Oct 15, 2023 11:20 PM] Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.

Sam Bankman-Fried May Testify at Trial, Defense Says. First, He Needs His ADHD Meds

[Oct 15, 2023 9:30 PM]

SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

[Oct 13, 2023 3:07 PM] The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.

Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill

[Oct 13, 2023 12:03 PM] The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren…

SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies

[Oct 13, 2023 11:29 AM] BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.

U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances

[Oct 13, 2023 10:26 AM] Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year.

SEC Deadline on Grayscale's Bitcoin ETF Dispute Approaching at Midnight

[Oct 13, 2023 9:44 AM] The SEC has hours left to seek an appeal of the court order to erase the agency’s rejection of Grayscale’s trust-to-ETF conversion application.

Things SBF's Defense Lawyers Should Be Freaking Out About

[Oct 13, 2023 4:00 AM]

Coinbase Sounds Alarm on IRS Crypto Tax Proposal

[Oct 12, 2023 3:00 PM] As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.