Conflicting reports have surfaced about whether the SEC and Chair Gary Gensler helped FTX with legal loopholes. crypto cryptocurrency
Gensler’s own calendar shows that he did meet with Bankman-Fried in March. According to an SEC meeting note, “members of the staff of Chair Gensler met with staff of IEX and FTX to
March meeting between the two sides was described by a person attending as ’45 minute lecture by Gensler’ on what he wants from a crypto exchange. “Follow-up meetings with the SEC continued up to nearly the time FTX imploded but no SEC approval was signaled,” he continued. “House GOP likely to hold hearings on FTX given Bankman-Fried’s Dem political leanings by calling Gensler as a witness might have to think twice. Sources say Gensler told Brad Katsuyama & Bankman-Fried he wanted strict oversight, standards & there was no guarantee of approval.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
Read more »
Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemableThe price of wrapped bitcoin on Sollet is down 77% over the past 24 hours, while wrapped ether is only down 9% to $1,138.
Read more »
What a $32B crypto company's bankruptcy means for future of digital currencyWhat a $32 billion crypto company's bankruptcy means for future of digital currency
Read more »
FTX confirms 'unauthorized access to certain assets,' working with law enforcementAcknowledging a recent hack scare, FTX's leadership says the firm is moving funds to cold custody and working with law enforcement.
Read more »
Hedge Fund Galois Capital Discloses 'Roughly Half' of the Firm's Capital 'Stuck on FTX' – Bitcoin News“I expect we will recover some percentage of our assets on FTX over the course of a few years,” the Galois Capital co-founder added.
Read more »
FTX spent $74 million on real estate in the Bahamas this year: ExclusiveFTX spent the past year buying up residential property around its headquarters in the Bahamas.
Read more »