By consenting to extradition, Bankman-Fried would be able to appear in a United States court.
Headline
Category: Regulation News
SEC was ‘asleep at the wheel’ about FTX — US Rep. Sessions
The Texas Congressman urged lawmakers to examine the SEC’s efforts to prevent fraud at the crypto exchange.
Central Banks to set standards on banks’ crypto exposure: BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
Democrats to reportedly return over $1M of SBF’s funding to FTX victims
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of […]
US Financial Stability Oversight Council urges congressional action on crypto
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. […]
Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week.
New House Financial Services Committee chair wants to delay crypto tax changes
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.
FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
According to lawyers representing FTX’s provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.
Only for foreign trade: Bank of Russia stands against free crypto investment
The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities.
Silvergate faces class-action lawsuit over FTX and Alameda dealings
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts.