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Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes

[Nov 13, 2022 9:00 PM] The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary Gensler was rumored to be helping FTX with legal…

The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review

[Nov 13, 2022 6:30 AM] As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a…

Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar

[Nov 12, 2022 9:00 AM] On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The…

SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’

[Nov 11, 2022 7:30 PM] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam…

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report

[Nov 11, 2022 11:00 AM] FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States.

California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’

[Nov 11, 2022 8:00 AM] After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published…

US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’

[Nov 10, 2022 9:00 PM] U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the law to protect consumers…

SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds

[Nov 10, 2022 5:00 PM] The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory…

Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

[Nov 10, 2022 1:30 PM] 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.

US Investigating FTX Empire Over Handling Of Customer Funds: Report

[Nov 9, 2022 11:13 AM] US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations…