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A set of filings from Sam Bankman-Fried's defense team late Monday shows his attorneys still hope to clarify that English law governed FTX's terms of service – which may have implications on the fraud charges. Original Source
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Earlier on Wednesday, Circle CEO Jeremy Allaire wrote a public letter to Brown, Toomey, Rep. Maxine Waters (D-Calif.), who chairs the House Financial Services Committee, and Rep. Patrick McHenry (R-N.C.), the committee’s ranking member, urging them to pass stablecoin legislation quickly. Original Source
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“We need to be fostering innovation, not stifling it, if we are going to maintain America’s position as the global financial leader,” Lummis said in a statement. “I’m proud to introduce this bipartisan bill to ensure that our tax system reflects the realities of digital assets and distributed ledger technology.” Source
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