Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2 BadBitcoinChairCongressmancryptoexchangeEmmerExchangesFaithGaryGenslerRegulatorSECTom Read More
Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it.
Bundchen and Brady’s Shareholding in FTX
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After the pro-cryptocurrency Silvergate Bank was shut down, several industry insiders have speculated that the U.S. government is actively targeting the cryptocurrency sector.
U.S. Representative Tom Emmer claimed on March. 16 that the government headed by president Biden looks to be “weaponizing market instability to crush crypto.” His investigation led him to AdministrationBidenCryptoEmmerTargetingTom Read More
On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. ActivityAllegedBitcoinCongressmanCryptocryptoexchangeEffortsEmmerExchangesFDICNewsPurgeQueriesRepublicanTom Read More
That, however, may be a challenge, Graham said, because AI-generated content such as deepfakes could be crossing an ethical line. Deepfakes are a form of manipulated media that can make anyone appear to be doing or saying anything – for instance, Tom Cruise, who was depicted by a person digitally AddressesCoFounderCompanyCruiseDeepfakeEthicsTomVideos Read More
The so-called “Crypto King of Congress” blames over-centralization and old-fashioned fraud for FTX’s collapse (not crypto). As Congress considers new crypto legislation, can he persuade his colleagues – including the combative Elizabeth Warren – of the same?
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Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse. The bill titled “Blockchain Regulatory Certainty Act” was led by Republican Emmer and Democratic Congressman AimedBillBitcoinBringingCryptocryptoexchangeEmmerExchangesMullsRedReducingRepTapeTom Read More
The abrupt firing marks the latest shakeup in crypto this month after FTX and Alameda Research’s market-shattering collapse. It was not immediately clear whether Prime Trust, which supports crypto custody and transaction processing, had any exposure to FTX or other recently bankrupt crypto companies, such as BlockFi.
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NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX. Joe Rotunda, director of enforcement at the Texas State Securities Board reportedly told Bloomberg in a Nov. 22 report BitcoinBradyCelebscryptoexchangeCurryendorsementsExchangesFTXProbeStephenTexasTom Read More
Former FTX CEO Sam “SBF” Bankman-Fried and a number of celebrities who endorsed FTX have been named in a class-action lawsuit filed on Nov. 15 in Miami. Implicated in the class-action lawsuit are celebrities, athletes and teams, including Tom Brady, Gisele Bundchen, Steph Curry, the Golden State Warriors, Shaquille O’Neal, Udonis BradycelebritiesClassActionFTXLawsuitNamedTom Read More