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“There’s still, I think, an unfinished debate about what the problem is, or is there a problem with crypto inherently,” she said. “People with the best intentions can make business mistakes, and crypto people can make big business mistakes that then impact on individuals, or further down the financial system.” Original
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Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, one of which reportedly occurred just two months before the fall of his crypto empire.Most of the meetings were disclosed in visitor logs which are posted by the White
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In his new role he will be responsible for supporting “the [Yuga Labs] team broadly across Web3, metaverse, NFT and product initiatives,” according to a statement. He will be involved with initiatives for the company’s five mainstay non-fungible token (NFT) collections: Bored Apes, CryptoPunks, Meebits, Voyagers and Mutants. Source
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Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee. Hotbit Suspends Trading, Deposits, Withdrawals Cryptocurrency exchange Hotbit announced
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In a Friday announcement, Pham said Keaghan Ames will be her counselor and senior policy adviser at the CFTC starting May 23. Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation. He
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Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals. Crypto Exchange Binance Bans Children of Top Russian Figures Binance, the world’s
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The Federal Reserve has banned its senior officials from investing in cryptocurrency. “Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all impermissible holdings,” said the Federal Open Market Committee. Senior Federal Reserve Officials Prohibited From Investing in Cryptocurrency The Federal
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The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.In a Friday announcement, the FOMC said that starting on May 1, senior Federal Reserve officials already working at the agency would have one
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“Want to help shape the future of crypto at Twitter?” asks Tess Rinearson, Twitter’s crypto engineering lead, in a Friday tweet.The role – “Senior Product Manager, Crypto,” according to a job listing posted this week – has a special focus on “creator monetization.”“In this capacity, we’ll be looking closely at
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United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency work. In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler’s executive staff as a senior adviser on the agency’s oversight of
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