Pat-Toomey
Pat Toomey, a Republican senator set to retire in less than two weeks, introduced the "Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022." The bill would establish a federal framework for stablecoins.
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Mar. 29, 2024
SBF Is Going to Prison for 25 Years
Sam Bankman-Fried is going to prison. He won't be spending time in a maximum security facility, and he'll be placed as close to his family in the San Francisco Bay Area as possible, but he's going to prison nonetheless – and he'll be there for th...
Policy
Mar. 28, 2024
Statement of U.S. Attorney Damian Williams on the Sentencing of Sam Bankman-Fried
Damian Williams, U.S. Attorney for the Southern District of New York, released this statement on social media platform X (formerly twitter) after Sam Bankman-Fried was sentenced to 25 years in prison: Samuel Bankman-Fied orchestrated on...
Policy
Mar. 28, 2024
LIVE: Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case
Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars...
Policy
Mar. 28, 2024
Recapping FTX Founder Sam Bankman-Fried's Trial
Thousands of people’s financial stability was taken 15 months ago when FTX founder and then CEO Sam Bankman-Fried’s lies were exposed and the former crypto exchange fell apart . Today, Bankman-Fried could be sentenced to up to 50 years in priso...
Policy
Mar. 28, 2024
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
A lack of regulation "creates significant loopholes for both criminals and terrorists to exploit" and is "a call to action that we need countries to take this problem seriously," Financial Action Task Force President T. Raja Kumar said in an i...
Policy
Mar. 28, 2024
Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal
Indonesia's Financial Services Authority (OJK) takes over regulation of the crypto industry from the commodities agency Bappebti in January 2025. Crypto firms will have to pass an evaluation in a sandbox environment by the new regulator before ...