FTX executives made a splash during the 2022 midterm cycle, spending millions on political donations and funding for their super PACs But after the exchange filed for bankruptcy protection, som...
Tag: Policy
Top DEX token alternatives to get after Uniswap updates privacy policy
Uniswap (UNI/USD) is a decentralized exchange (DEX) which recently updated its privacy policy. Through an official post by Uniswap Labs on November 11, we got an in-depth look at the DEXs updated priv...
Netherlands man arrested for allegedly laundering money with bitcoin
A man in the Netherlands was arrested for allegedly laundering money using bitcoin. Prosecutors claim there were links to trading on the dark web. The 42-year-old man, from the municipality of M...
Uniswap’s new privacy policy sees backlash from decentralization buffs
Decentralized exchange (DEX) Uniswap’s recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data wor...
Senators warn of SoFi consumer risks amid crypto crash
Democrats on the Senate Banking Committee are worried that trading activities by SoFi Digital Assets could pose consumer risks, and warned that taxpayers “may be on the hook” to bail out the firm’s pa...
Prosecutors investigated FTX for months before collapse: Bloomberg
The U.S. Attorney’s Office for the Southern District of New York was investigating FTX months before the crypto exchange filed for bankruptcy protection, Bloomberg reported. Prosecutors were spe...
Three U.S. senators ask Fidelity to reconsider bitcoin exposure in retirement plans
Three U.S. senators have again asked Fidelity Investments to reconsider a decision to allow retirement plan participants to invest in bitcoin, saying the industry has become increasingly “volati...
UnitedHealth, Cigna stocks fall after Raymond James downgrades, citing tripledemic and policy concerns
Shares of UnitedHealth Group Inc. UNH, -1.69% fell 0.5% and Cigna Corp. CI, -0.43% slumped 2.3% in premarket trading Monday, after Raymond James analyst John Ransom downgraded the health insurers, cit...
Uniswap’s new privacy policy says it collects data tied to user wallets
Uniswap, the largest Ethereum decentralized exchange, published a new privacy policy to provide transparency on the data it collects. The privacy policy states that the DEX collects certain on-chain a...
How Republicans Will Attempt To Influence Energy Policy In 2023
WASHINGTON, DC – MARCH 18: House Minority Leader Kevin McCarthy (R-CA) talks to reporters during his … [+] weekly news conference in the U.S. Capitol Visitors Center on March 18, 2022 in W...
Court sets Jan. 3 deadline for Celsius customers to file claims in bankruptcy case
The deadline for Celsius customers to file a claim in the company’s bankruptcy case is Jan. 3, 2023. The bankruptcy court handling Celsius’s case set Jan. 3 as the bar date, the last day credito...
Recession Dangers Augur New Era of Policy Trade-Offs: Eco Week
(Bloomberg) — A new snapshot of the global economy’s weakening growth and persistent inflation will arrive in the coming week, just as surveys reveal headwinds for manufacturers from the US to E...
‘Razzlekhan’ bitcoin laundering case to include classified information
The story of the “Razzlekhan” rapper who allegedly laundered billions in stolen bitcoin with her husband has taken another twist: The trial will include classified information. A district court ...
‘Nerdy’ and ‘highly intelligent,’ Alameda’s Caroline Ellison casts complex shadow
From precocious bookworm and mathlete to moving billions of dollars of customer money to allegedly cover her firm’s liabilities, the rise of Alameda Research CEO Caroline Ellison was almost as spectac...
Musk Reinstates Kathy Griffin And Jordan Peterson Amid New Policy — But Not Trump Yet
Topline Elon Musk reinstated controversial Twitter users Kathy Griffin, Jordan Peterson and the Babylon Bee as he explained a new content policy reversing Twitter’s prior stance of removing harmful co...
Mark Penn On Politics, Policy And The Future Of Marketing
Having worked in high-profile roles for both Republicans and Democrats, Mark Penn is well-known for his insights on polling and political strategy. As Chairman and CEO of Stagwell Inc., he’s also buil...
The Block: Binance had ‘at minimum ill-intent’ in revoked FTX proposal: Sen. Ted Cruz
Sen. Ted Cruz said that Binance showed “at minimum ill intent” regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance’s public offe...
SEC moves to suspend sale of American CryptoFed DAO tokens
The Securities and Exchange Commission has started administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO), to weigh a stop order to suspend ...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
The Block: Silvergate CEO sees silver lining for bitcoin: ‘There are always buyers’
Silvergate CEO Alan Lane said that bitcoin stands out from other digital currencies even amid the ongoing turmoil in crypto markets. He pointed, as evidence, to the breakdown of volumes of the S...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
CFTC Commissioner Johnson defends agency approach to FTX, crypto
Kristin Johnson, a commissioner at the Commodities Futures Trading Commission, defended the agency’s approach to digital asset regulation in the wake of FTX’s collapse, saying the agency l...
Republicans win control of House of Representatives
Republicans are poised to take control of the House of Representatives next year, a shift that could have a major impact on the crypto industry as regulators and lawmakers seek to establish new rules ...
Congress wants SBF to come to Washington — one more time
Members of Congress want to hear from Sam Bankman-Fried and other crypto executives about FTX’s sudden and complete collapse, including the impact it’s had on customers and the entire digital asset ec...
Senate Banking Committee eyes hearing on Sam Bankman-Fried’s FTX collapse
A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” accor...
Justice Department advises crypto lawyers not tip off clients about investigations
The Department of Justice doesn’t want lawyers tipping off their clients about investigations, a representative cautioned. “We recommend that the private sector, when we are dealing with DeFi or...
Yellen calls for ‘more effective oversight’ of crypto markets
The collapse of crypto exchange FTX is proof digital asset markets need more effective oversight, according to U.S. Treasury Secretary Janet Yellen. “Further interconnections of the traditiona...
Binance role in FTX collapse under congressional scrutiny
Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block. “T...
FTX actions ‘were illegal 100 years ago,’ says Rep. Auchincloss
Congressman Jake Auchincloss, D-Mass., rejected the urgency for new crypto legislation in response to the collapse of FTX last week. “The disaster with FTX is just another exclamation point arou...
U.S. House committee to hold hearing on FTX collapse and crypto fall out
The House Financial Services Committee will hold a hearing next month on FTX’s collapse and the broader implications for the digital asset industry. The committee says it expects to hear from “t...