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” US Congress investigations into FTX are in limbo without a House Speaker “ At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings. As of Jan….
” US Feds put together ‘FTX task force’ to trace stolen user funds “ The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse. The announcement came…
” Sam Bankman-Fried’s legal team warns of ‘harassment and threats’ to parents in latest court filing “ The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing threats made against his family. In a letter dated…
” Erik Voorhees tips $40K BTC by June, but little consensus among pundits “ There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what’s in store for Bitcoin for the year ahead. One crypto exchange founder expects Bitcoin (BTC)…
” New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2 “ Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has…
” US lawmakers could consider stock trading ban in next session of Congress “ Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership. Beginning on…
” Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession “ The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year. Over two-thirds of economists at 23 major financial institutions that do…
” US lawmakers under pressure following FTX collapse: Report “ Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new…
” Sam Bankman-Fried to reportedly plead not guilty to criminal charges “ Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the…
” What to expect from crypto the year after FTX “ Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the collapse of an empire worth billions of dollars. As the rumors…