7 months ago
Date: 23 Nov 2022 - 17:21
Tom Emmer the U.S. congressional representative for Minnesota recently spoke on the political meetings and failures surrounding Sam BankmanFried SBF prior to his exchanges collapse.The Republican suggested that BankmanFried tried currying special treatment from the Securities and Exchange Commission SEC through meetings with the agency and attempted to push legislation to the same effect.BankmanFrieds Political RelationshipsIn an interview with FOX on Tuesday Emmer said FTXs blowup was not a failure of crypto but of centralized finance business ethics and government oversight procedures. The congressman said he had major questions about the SECs failure to prevent the disaster.They were working apparently with Sam BankmanFried and others to give them special treatment from the SEC that others arent getting said Emmer. He mentioned meetings the agency held in March with SBF other FTX executives and a U.S.based trading firm that FTX partnered with in April.Sam BankmanFried was pushing specialtreatment legislation through congress. when it was finally revealed what it was and the industry started raising red flags all over the place thats when this thing came apart he added.Emmer blasted Gensler for failing to protect investors from such catastrophes including the fallouts of Celsius Voyager and Terra earlier this year. What is the regulator doing going after good actors in the community and working backroom deals it appears with people who are doing nefarious thingsThe congressman who is also the House Majority Whip first alluded to investigating ties between the SEC and FTX earlier this month. On November 10th he claimed to have received reports alleging that the agency was working to secure a regulatory monopoly for FTX using legal loopholes.The SEC has frequently been criticized for failing to provide regulatory clarity that would help the crypto industry best develop in the United States. Coinbase CEO Brian Armstrong argued that the regulators inaction has pushed trading activity to unregulated areas overseas contributing to investor harm.CME Chiefs Early FTX CalloutAside from the SEC CME Group CEO Terry Duffy also met BankmanFried in March.The executive noted similar red flags about both his character and operations in a conversation with CNBC last week. He said SBF turned down Duffys offer of his crypto franchises worth 30 million as he would have required BaknmanFried to follow his riskmanagement framework.Youre a fraud. Youre an absolute fraud he claimed to have told BankmanFried at the time.In another interview with CNBC on Tuesday he too said he was always suspicious of SBFs closeness with regulators and politicians who were singing hymns about him during his visits to Washington.The post Sam BankmanFried Conspired With SEC for 8220Special Treatment8221 US Congressman appeared first on CryptoPotato.
Read in the sourceShare this page
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
In a recent with interviewMike McGlone a Senior Commodity Strategist atBloomberg IntelligenceBloombergsresearch arm on theBloombergTerminal shared his latest thoughts on the crypto space. His comments were made during an interview on March 29 at a time when Bitcoin was trading around 47771 with Yahoo Finances Akiko Fujita and Brian Chung. When Fujita asked about Bitcoins
The CEO of fintech company Starling is the latest name to talk about the threats posed by cryptocurrencies.Anne Boden the CEO of Goldman Sachsbacked digital banking company Starling has stated that cryptocurrencies pose a threat to the safety of the global payment systems.She mentioned this while speaking at the Money 2020 fintech conference in Amsterdam. Boden saidldquoA lot of crypto wallets are
Bitcoin was rejected once more as it approached the mid area around its current levels. The first crypto by market cap has been trending to the upside over the past week but has been unable to break above critical resistance.Related Reading TA Ethereum Eyes Key Upside Break 3K Holds The KeyAs of press time BTCs price trades at 43691 with a 1.1 loss in the last 24 hours. BTC rejected near 44500 on
Following Russias invasion of Ukraine it faces a plethora of international sanctions. Cryptocurrency could provide a means of evading them.
Bitcoin rose by over 2000 in the last 24 hours as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday Powell stated We need to act now forthrightly strongly as we have been doing. Ethereum also surged moving above 1700 on Friday.13Bitcoin13Bitcoin BTC rose rapidly during todays session as markets responded to bullish comments from Jerome
Beanstalk Farms stablecoin protocol was relaunched on Aug. 6 with the team working to hopefully reclaim the 100 million market cap of its BEAN stablecoin prior to the hack in April.
The post Heres Whats in Store For Ethereum ETH Price This Weekend appeared first on Coinpedia Fintech NewsIn the midst of the bearish market cycle Ethereum ETH the second largest cryptocurrency by market cap has dropped nearly 30 from its September peak of 1789. Most of the investors and traders expected September to be the most important month of the year for ETH but the currency couldnt hold on
PRESS RELEASE 8211 Singapore Singapore 22nd April 2022Leading Crypto Social trading exchange BingX is extremely delighted to officially open its new office and establish a licensed cryptocurrency business in Lithuania.BingXis a global digital asset spot and derivatives trading platform with branches in the United States Canada Australia Hong Kong and Taiwan.As a technology and securitydriven compa
Bitcoin miner revenues have been a hot topic of discussion in the last three months. It mainly follows the decline in cash flow of mining machines due to the drop in the price of BTC and that has adversely affected the revenues of bitcoin miners seeing them drop to yearly lows. However as the market has recovered some of its lost value bitcoin miners are starting to fare better in terms of revenue
KingSpeed officially launched the very mainnet version with new features and cars.A tournament with a total prize pool of 10000 will also be held with several pools for users to participate in. On June 17th KingSpeed officially launched the mainnet version for its blockchain racing game after a successful testnet tournament back in April 2022
The mysterious organization known as The Proof Collective defines itself as a private members only collective of 1000 dedicated NFT collectors and artists. To join the Proof Collective someone would have to you guessed it own their NFT. So in theory anybody can be a part of it. In practice though the floor price for one of their passes is around 88 ETH at the time of writing. The size of the inves
The post Will Web 3.0 Propel DOT LINK And FIL By A 3X Rise This Quarter appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe world of cryptocurrencies is keen on its future prospects and developments. As the industry spectates a constant shift in interests which has been propelling the diverse sectors and their offerings. Successively folks from the business are now mo
Politicians like Ted Cruz often try to force Bitcoin into their political paradigm but Bitcoin is apolitical and doesnt fit into any category.Riding on Canadas Freedom Convoy protests Republican Senator Ted Cruz triumphantly took to the stage to embrace Bitcoin in a recent highly publicized CPAC event. In a typically proRepublican tirade Cruz blasted his political opponents from Justin Trudeau and
Astar Networkrsquos latest ad has gained support from over 300 Japanese companies as it looks to spearhead the growth of Japanrsquos web3 ecosystem.Astar Network a smart contracts platform for multichain revealed earlier on Monday that it has set a world record by running a national newspaper advertisement supported by hundreds of companies.nbspAccording to the press release shared with Coinjourna
The worlds leading financial derivatives marketplace has launched two new products to help Bitcoin and Ethereum efficiently hedge marketmoving events. On Tuesday March 1CME Groupannounced that it plans to launch options on Micro Bitcoin and Micro Ether futures onMarch 28 pending regulatory review. According to CMEs press release these new Micro Bitcoin and Micro Ether