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According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is operating and moving funds around on the blockchain after three of the company’s entities — Genesis Global HoldCo, Genesis Global Capital LLC and Genesis Asia Pacific Pte. — filed for Chapter 11 bankruptcy on Thursday.See related
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“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics employed by Mr. Bankman-Fried and other FTX executives to enrich themselves,” the senators wrote. “In fact, Mr. Bankman-Fried had already revealed his true
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Two Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing.In a Nov. 23 letter to U.S. Attorney General Merrick Garland and Assistant Attorney General Kenneth Polite, Senators Elizabeth Warren and Sheldon Whitehouse requested
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The CFTC oversees futures markets of commodities, bonds and foreign-exchange products, while the Securities and Exchange Commission oversees securities markets, including those for stocks and bonds. It remains unclear which agency will regulate crypto spot markets, though it appears both agencies want to do that. The CFTC currently regulates crypto
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Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are "here to stay." Source
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