Crypto exchange giant Kraken has hired C.J. Rinaldi as its chief compliance officer. Rinaldi joins Kraken after working at the crypto services firm Blockchain.com as its chief compliance office...
Tag: Policy
Wormhole exploiter converts $150 million in ETH to staked assets and levers up
Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
Securities and Exchange Commission’s ‘regulation by enforcement’ is stalling crypto, Grayscale CEO says in WSJ
Grayscale Investments CEO Michael Sonnenshein bashed the Securities and Exchange Commission’s “one-dimensional approach of regulation by enforcement” in a letter to the Wall Street Journal. “Th...
Bitcoin’s Future in Flames: Entrepreneur Sounds the Alarm on Fed’s Monetary Policy Impact
Bitcoin and other cryptocurrencies could face a downfall if the Federal Reserve does not adjust its policy. The founder and former CEO of the cryptocurrency exchange BitMex, Arthur Hayes has cautioned...
Nearly $700 million of Bankman-Fried’s assets seized by Feds: CNBC
Federal prosecutors this Friday took $697 million worth of cash and assets primarily made up of Robinhood shares from former FTX CEO and founder Sam Bankman-Fried, court documents show. Prosecu...
SEC charges Avraham Eisenberg for $116 million Mango Markets exploit
The U.S. Securities and Exchange Commission charged Avraham Eisenberg, who is known as Mango Avi, with orchestrating an attack on Mango Markets and draining $116 million from the crypto trading platfo...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says
Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...
Top business leaders and policymakers discuss monetary policy at the World Economic Forum
[The stream is slated to start at 3 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Joumanna Bercetche, top business leaders and policymakers...
Law firm Sullivan & Cromwell to face scrutiny in FTX bankruptcy hearing Friday
Sam Bankman-Fried used to work out of Sullivan & Cromwell’s office in New York City. Now, the law firm is facing scrutiny over whether it can investigate FTX, the disgraced former billionaire’s cr...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...
Looking to run a blockchain app in a US-regulated state? Maybe consider New Hampshire
New Hampshire is ramping up to play a leading role in blockchain technology following the release of a final report with recommendations to devote resources to establish legal regimes to attract innov...
New FTX CEO says the crypto exchange could be restarted: WSJ
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III’s plan to restart the exchange. “I’m glad Mr. Ray is finally paying lip service to turning the exc...
American CryptoFed argues it was shut out from dialogue with the SEC
A decentralized autonomous organization that the Securities and Exchange Commission is attempting to stop from registering and selling tokens argued at a hearing that the regulator isn’t making offici...
Bitzlato founder arrested for allegedly processing $700 million in illicit funds
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department’s efforts to take down a “money laund...
SEC racks up 50% increase in crypto enforcement actions in 2022: Report
The Securities and Exchange Commission brought a record number of crypto-related enforcement actions last year, up 50% from 2021, according to a new report from consulting firm Cornerstone Research. ...
FTX bankruptcy debtors ditch the courtroom drama — for now
Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
SEC charges over Gemini, Genesis Earn program latest shot at crypto lending
The Securities and Exchange Commission’s recent charge against cryptocurrency exchange Gemini and crypto firm Genesis over a lending product is another warning shot to the industry on yield-bearing ac...
Drop zero crypto policy Bernstein tells institutions
Bernstein has some advice for institutions: Get some skin in the game. “Get off zero crypto allocation,” the asset manager told institutions following the publication of its global ...
Should you buy or sell JPY pairs ahead of the BOJ policy decision?
One of the main events of this trading week is the Bank of Japan’s (BOJ) ‘s monetary policy decision expected in the next Asian session. The Japanese yen’s weakness was the main theme in 2022, but sin...
Nexo sues Cayman Islands regulator over rejected license
Crypto lending platform Nexo is suing the Cayman Islands regulator for denying the firm a virtual asset license. Nexo, which only last week saw its office in Bulgaria raided by 300 police and ha...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...
President Biden Makes His Feelings Clear on House Republican Bill to Abolish IRS
A controversial proposal introduced by the newly elected, Republican controlled, House of Representatives has been making some headlines. It involves a scheme to get rid of the income tax in favor of ...
Ripple Head of Policy Hopes 2023 Births “Common Sense Crypto Policy”
– Advertisement – Friedman is optimistic that this year will usher in favorable crypto regulation. Ripple’s Head of Policy, Susan Friedman, is hopeful that this year will usher in a “comm...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
SEC charges Gemini and Genesis with unregistered securities offering
The Securities and Exchange Commission charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through a Gemini crypto len...
Republicans Want to Abolish the IRS; How That Would Hit Your Wallet
While House Speaker Kevin McCarthy, R-Calif., was captivating a live audience with coverage of historically numerous votes for his new title, it was no secret he was making concessions to win votes fr...
Powell Says the Fed Isn’t a ‘Climate Policy Maker.’ What That Really Means.
Text size Federal Reserve Chairman Jerome Powell said the Fed is not “and will not be, a ‘climate policy maker.’” Kevin Dietsch/Getty Images About the authors: David Arkush is director of Public Citiz...