4 legislative predictions for crypto in 2023
[Dec 20, 2022 2:55 PM] We may not see much from Congress, but there is a chance the SEC will continue making crypto policy via litigation.
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Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
[Dec 20, 2022 2:30 PM] The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per…
Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
[Dec 19, 2022 2:00 PM] The entrepreneur reportedly reconsidered his earlier decision to contest extradition and now would be able to appear in a United States court.
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request
[Dec 17, 2022 4:00 PM] Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox…
SEC was “asleep at the wheel” about FTX - US Rep. Sessions
[Dec 17, 2022 1:34 PM] The Texas Congressman urged lawmakers to examine the SEC's efforts to prevent fraud at the crypto exchange.
Reports Suggest Caroline Ellison Is Working With Feds and Snitching on FTX Co-Founder Bankman-Fried
[Dec 16, 2022 2:30 AM] Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few reports suggest Ellison is “likely working with feds”…
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
[Dec 15, 2022 11:57 PM] Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.
SEC approves 9 more WisdomTree 'blockchain-enabled' funds
[Dec 15, 2022 12:30 AM] After announcing the approval of nine new digital funds, WisdomTree reiterated that it wants to further integrate blockchain tech to improve the investor experience.
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’
[Dec 14, 2022 9:00 AM] On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the…
SEC sues Atlas Trading for $100M stock manipulation scheme
[Dec 14, 2022 5:33 AM] Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point.
Bahamian securities regulator slams new FTX CEO over 'misstatements'
[Dec 14, 2022 2:40 AM] Bahamian regulators said that they were the first to take action against SBF, and recent actions of the current CEO hindered their investigation.
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
[Dec 13, 2022 4:30 PM] On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including…
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
[Dec 13, 2022 2:30 PM] On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers…
Sam Bankman-Fried Indicted And Charged With Fraud
[Dec 13, 2022 11:22 AM] U.S. courts have filed eight separate charges against SBF according to an unsealed indictment.Sam Bankman-Fried, the disgraced former CEO of collapsed cryptocurrency exchange FTX, has been formally indicted on charges of fraud, money laundering and…
SEC charges FTX CEO SBF for defrauding investors a day after his arrest
[Dec 13, 2022 5:44 AM] SEC has filed charges against the former CEO Sam Bankman-Fried, accusing him of defrauding U.S. customers and concealing the diversion of customers' funds.
SEC looks to intercept Grayscale Bitcoin ETF review bid
[Dec 13, 2022 4:45 AM] The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund.
It's stacking up: SEC to file separate charges against FTX's SBF
[Dec 12, 2022 10:31 PM] SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have to face separate charges from the SEC.
Is Ripple poised to settle with SEC this week? Crypto Twitter weighs in
[Dec 12, 2022 9:09 PM] U.S. congressional candidate January Walker said a potential settlement would be a loss for the "whole world" and Web3.
SBF misses the Senate hearing but promises to testify to the House: Law Decoded
[Dec 12, 2022 2:00 PM] Sam Bankman-Fried is willing to testify before the Financial Services Committee of the U.S. House of Representatives on Dec. 13.
Former top SEC crypto regulator hired by Caroline Ellison
[Dec 11, 2022 10:59 AM] Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale.
Gensler’s approach toward crypto appears skewed as criticisms mount
[Dec 10, 2022 8:29 AM] While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise.
SEC calls on firms to disclose exposure to crypto bankruptcies and risks
[Dec 8, 2022 5:30 PM] The Securities and Exchange Commission corporate finance division reminded companies of what they are required to disclose and provided guidance to what else they want to know.
Crypto consumer protection, proof of reserves bills introduced into US Congress
[Dec 7, 2022 3:00 PM] New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.
Rep. Torres asks US GAO to investigate SEC ‘failure’ to protect public against FTX
[Dec 7, 2022 1:00 PM] Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds.
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
[Dec 6, 2022 10:30 PM] On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX…
US consumer watchdog probes crypto firms over deceptive ads
[Dec 5, 2022 9:30 PM] The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets.
Regulators face public ire after FTX collapse, experts call for coordination
[Dec 4, 2022 8:34 AM] U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
[Dec 1, 2022 4:10 AM] CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto.
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
[Nov 30, 2022 8:29 PM] Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.