5 months ago
Date: 23 Nov 2022 - 11:00

U.S. Congressman Tom Emmer said FTXs collapse was not a crypto failure instead it was a failure of centralized finance CeFi Sam BankmanFried and SECs Chairman Gary Gensler in a Nov. 22 Fox Business interview.FTX39s collapse is not a crypto failure. It39s a failure with CeFi GaryGensler and Sam BankmanFried. Decentralization is the point. Watch below for more thoughts pic.twitter.comVYacafc0ZDmdash Tom Emmer RepTomEmmer November 22 2022Emmer said FTXs collapse was also a failure of business ethics government oversight and regulatory oversight.Emmer carpets GenslerThe Minnesota Representative questioned the role of the SEC chair Gary Gensler in the FTX fiasco. He highlighted the meeting between the regulator and SBF in March. Emmer said8220They were working with Sam BankmanFried and others to give them special treatment from the SEC that others arent getting.8221The lawmaker also criticized the SECs failure to investigate bad actors in the crypto space. Emmer wondered what the regulator was doing when several crypto firms like Terra Luna Voyager Digital and Celsius collapsed.Instead he alleged the Commission was working on 8220backroom deals8221 with the bad guys while investigating and prosecuting the good actors in the community.8220We need to get to the bottom of thiswe need to understand why Gary Gensler and the SEC were not doing their job. We need to understand how this was allowed to get to the point where peoples savings are getting hurt.8221Meanwhile the lawmaker said his office was investigating if the SEC chairman Gary Gensler was helping Sam BankmanFried and FTX obtain a regulatory monopoly.Criticizes mainstream coverage of SBFEmmer also criticized the New York Times for writing a puff on Sam BankmanFried. He said he did not understand why the media firm would write such a piece on 8220a guy who mismanaged funds.8221The crypto community severely criticized mainstream media outlets for portrayingSam BankmanFried as a virtuous individual.Emmer absolves crypto of blameThe U.S. lawmaker reiterated that the FTX failure was not about crypto or decentralized finance. According to him the focus should be on centralized finance and the need to regulate it.8220Decentralized finance is not what its about. Its not about the crypto industry this is about Sam BankmanFried and regulators.8221The post US Congressman defends decentralization blames SBF Gensler CeFi for FTX collapse appeared first on CryptoSlate.

Read in the source

Share this page

馃憫 Collect a daily bonus of 10 Crowns every day for free! Collect the bonus on the personal page of the Crowns
馃敆 Join our referral program and earn 小rowns together! Invite your friends to our friendly community

Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

On Sunday the noncustodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called GHO. Aave Companies proposed the stablecoin during the first week of July and the collateralbacked stablecoin will be pegged to the U.S. dollars value.A New collateralBacked Stablecoin Crafted by Aave Companies Is Due to Launch After the Aave DAO Votes on Genesis Param

Ethereum rallied above 2750 against the US Dollar. ETH price is now consolidating near 2800 and might rise further above 2850.Ethereum started a fresh increase above the 2750 resistance level.The price is now trading above 2750 and the 100 hourly simple moving average.There is a major bullish trend line forming with support near 2775 on the hourly chart of ETHUSD data feed via Kraken.The pair is c

Celsius the leading global cryptocurrency lending and borrowing platform announced today that its first Womens Hackathon will take place at SXSW South by Southwest inAustin TexasonSaturday March 12that500 p.m.Participants can register for the eventhere.Celsius will host the hackathon together with The Female Quotient at the Equality Lounge at SXSW 2022 inAustin. The event represents Celsius commit

The post ltstronggtFlasko FLSK Set to Break Records As It Is Due to Overtake Dogecoin DOGE and Shiba Inu SHIBltstronggt appeared first on Stablecoin Vs Fiat Currencies Features difference And Factors Flasko has quickly become the talk of the town thanks to many unique reasons while tokens like Dogecoin DOGE and Shiba Inu SHIB have been losing followers constantly as the market keeps fluctuating.nb

Why Every Real Estate Investor Should Own Bitcoin 6 months ago

Bitcoin and real estate go hand in hand. One is an illiquid but physical incomegenerating asset and the other is a highly liquid digital asset.This is an opinion editorial by Leon Wankum one of the first financial economics students to write a thesis about Bitcoin in 2015.PrologueThe following article is part of a series of articles in which I aim to explain some of the benefits of using bitcoin a

The cryptocurrency market is currently a mess and it would be pretty tough to estimate the returns of new projects launching.These new projects launching in a bear market rally have to get it right to ensure that it scales through launch and can go on to become solid projects.Usually when projects launch they ensure to hit their target right because the launch in itself is marketing. When the laun

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbonbased energy sources. The policy will place a twoyear ban on proofofwork PoW mining if the assembly bill is approved by New York governor Kathy Hochul.13New York PoW Mining Moratorium Legislation to Be Delivered to Governor Kathy Hochuls Desk Crypto Advocates Say the

A lobby group suggests supporting the credit union engagement instead applicating consumer protection rights to digital assets holders.

Samczsun a researcher at Paradigm is reporting that the Curve Finance front end has been compromised with over 530k stolen within a matter of minutes.CurveFinance frontend is compromised do not use it until further noticemdash samczsun samczsun August 9 2022The official Curve Finance Twitter has confirmed the news statingDon39t use the frontend yet. Investigating httpst.co8kmtpGsLQQmdash Curve Fin

Besides bullish momentum in the broader market BAT fundamentals are strong.Basic Attention Token is in a breakout and buying Volumes are rising.BAT is one of the fundamentally strongest cryptocurrencies in the market a factor that favors its odds of sustaining the current rally.BAT powers the brave browser and with privacy taking center stage on the internet Brave Browser adoption is growing.Basic

Read in the DigestThe Fed Prepares to Hike Rates in March Bitcoin Reacts to Policy DecisionCoinbase Prepares Listing for Solana Ecosystem Tokens Ahead of Proposed Network UpgradeCrypto Money Laundering Grew By 30 in 2021 DeFi Involvement RisesReddit Tests Feature for NFTs as Profile Pictures YouTube to Introduce NFT FeatureThe Fed Prepares to Hike Rates in March Bitcoin Reacts to Policy DecisionTo

VanEck believes nothing should prevent the SEC from approving a pure Bitcoin ETF after the regulator greenlighted Bitcoin futures ETFs in 2021.

Ukraine has today become the first government to announce a cryptocurrency airdrop since El Salvador made Bitcoin legal tender in 2021. The snapshot will be taken tomorrow at 2 pm Kyiv time on March 3 to reward donors. At present it is unclear which blockchains will be eligible for the Ukraine airdrop. There are several official Ukraine crypto addresses including Bitcoin Ethereum and Polkadot.Aird

The post The BTC Price Could Soon Bottom Around 20k OnChain Hints Buy Zone For Bitcoin appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideAs the market is moving towards a more bearish trend every Bitcoin investor is cautiously watching the indications that are pointing towards a bottom but the price movement this week suggests that we arent there yet.The most recent Blo

Although the crypto market is going through a challenging phase the core systems are functioning well cryptofinancial service provider Bitcoin Suisses Director Giles Keating told CNBC.In an interview earlier today Keating said the core blockchains of cryptocurrencies like Bitcoin BTC and Ethereum ETH are not facing any problems. He added that the recent market rout is a result of the collapse of t