House Financial Services Committee Chair Maxine Waters, D-Calif., says she’s “disappointed” and “surprised” at the timing of Sam Bankman-Fried’s arrest, due to his scheduled appearance before her comm...
Tag: Congress
Why A U.S. Member Of Congress Should Adopt Jimmy Lai
In this picture taken on June 16, 2020, millionaire media tycoon Jimmy Lai, 72, poses during an … [+] interview with AFP at the Next Digital offices in Hong Kong. – Lai knows his support f...
Bankman-Fried ‘unwilling’ to accept subpoena, escalating Senate standoff
Senate lawmakers blasted former FTX CEO Sam Bankman-Fried for declining to appear at a hearing this week, calling his decision an “unprecedented abdication of accountability.” The Senate Banking...
US Congress Candidate January Walker Says a Ripple Settlement is a Loss for Web3 and the World
– Advertisement – January Walker’s recent remarks echo the degree of importance the broader crypto community assigns to the Ripple v SEC case. United States politician and Congressional ...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
‘Overbooked’ Sam Bankman-Fried to testify before Congress virtually
Former FTX CEO Sam Bankman-Fried will testify virtually before Congress on Tuesday, saying he can’t travel to Washington, D.C. due to his busy schedule and security concerns about paparazzi. “I&...
Former SEC chair details what to expect from Bankman-Fried’s December 13 Congress hearing
Former Securities Exchange Commission (SEC) chair Jay Clayton has shared what is likely to happen when ex-FTX crypto exchange CEO Sam Bankman-Fried (SBF) appears before Congress on December 13. Notab...
Congress Has Just Five Days To Avert A Government Shutdown—Here’s Where Negotiations Stand
Topline Lawmakers are locked in a partisan feud over the federal government’s fiscal year 2023 budget just days before a Friday deadline to avert a government shutdown, with Democrats angling to iron ...
FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress – Regulation Bitcoin News
The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who...
Bankruptcy Law Doesn’t Allow Debtors To Escape Student Debt: The Law Should Change
It’s difficult to conceive of a way to address the student debt issue in a way that would satisfy both conservative and liberal politicians, but a nascent movement to allow people to discharge s...
Legislators propose federal reports of gas emissions for crypto miners
Three U.S. lawmakers introduced a bill that would ask the Environmental Protection Agency to study crypto mining activity and require that miners that use more than 5 megawatts of power submit informa...
Senators question U.S. banking regulators on crypto exposure
Two U.S senators have written to agencies tasked with supervising the financial sector to seek details about banks’ exposure to cryptocurrencies. Sens. Elizabeth Warren, D-Mass., and Tina ...
Crypto consumer protection, proof-of-reserves bills introduced into US Congress
United States Representative Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require they disclose proof of ...
SEC Chair Gensler Responsible for FTX Fall Thrashes Congress Reps.
Congress Reps blame Gary Gensler for the fall of the FTX exchange. Claims Gensler didn’t carry out his duties diligently. Despite laws put out, authorities failed to examine exchanges properly. Specul...
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
Why a Divided Congress Is Bullish for Crypto
Of course, moving forward with bipartisan, tailored and fit-for-purpose legislation requires a careful reflection on recent events. The picture is clear: The failure of FTX International is defined by...
House committee weighing subpoena for Sam Bankman-Fried
Senior members of the House Financial Services Committee are weighing a subpoena to compel embattled former FTX CEO Sam Bankman-Fried to testify, though little time remains to enforce one during this ...
Congress asks Live Nation for answers
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images Lawmakers have...
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready – Regulation Bitcoin News
Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryp...
Cawthorn violated ethics rules around ‘LGB Coin,’ House Ethics Committee says
The U.S. House of Representatives Ethics Committee has ordered Rep. Madison Cawthorn, R-N.C., to pay more than $15,000 in punitive donations and fines as a result of his violation of congressional and...
Congress Really Wants to Regulate Crypto After FTX
With FTX filing bankruptcy and Sam Bankman-Fried now leaving the throes of his once-great company, Congress and the elites in Washington are once again turning up the volume on their arguments for reg...
Subpoena SBF To Testify Before US Congress, Demands Crypto Twitter
Crypto Twitter demands sending a subpoena to former FTX CEO Sam Bankman-Fried (SBF) to make him testify before the U.S. Congress. After SBF refuses the invitation by Maxine Waters, Chairwoman of the U...
Infura hits back, Nexo leaves US, SBF tries to avoid Congress
ConsenSys’ MetaMask has been criticized for changing its privacy policy to notify users that it will track IP addresses upon sending transactions. The move is seen as a threat to personal privacy, wit...
FTX should scare crypto supporters in Congress
Senate Banking Committee Chairman Sherrod Brown said that the stunning collapse of FTX should serve as a wake-up call for Congress to address the hazards posed by the unregulated cryptocurrency busine...
IIA Asks Congress to Enact Proper Governance Policies For US Crypto Firms
– Advertisement – The Institute of Internal Auditors (IIA) calls on the U.S. Congress to enact proper corporate governance policies for United States-based crypto firms following the FTX f...
Sam Bankman-Fried may not testify before US Congress on Dec. 13
FTX founder Sam Bankman-Fried may not testify before the U.S. House Committee on Financial Services on Dec. 13 because he is still “learning and reviewing what happened” at the bankrupt exchange. Rep....
FTX’s Sam Bankman-Fried Says He Will Testify Before U.S. Congress On Dec. 13
FTX creditors and investors may soon have the chance to hear former big boss Sam Bankman-Fried explain what really went wrong with the collapse of the cryptocurrency exchange platform. That is if the ...
Bankman-Fried Puts Off House Testimony on FTX
Former FTX CEO and founder Sam Bankman-Fried (SBF) said Sunday he would be willing to testify before congress, but would need to finish learning about the implosion of his crypto empire before he comm...
Crypto Twitter Reacts To SBF Refusing To Testify Before US Congress
Former FTX CEO Sam Bankman-Fried refuses to attend the U.S. House Committee on Financial Services scheduled hearing on December 13. Financial Services Committee Chair Maxine Waters invited SBF to test...
Sam Bankman-Fried ‘will testify’ before Congress — eventually
Former FTX CEO Sam Bankman-Fried feels obligated to talk to lawmakers about the collapse of his crypto exchange, but he might not do it on their timeline. The disgraced crypto boss said he needs to le...
Dems and Reps join forces to pressure SBF to testify before Congress
The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13. In Dec....