FTX Turmoil: Sen. Warren Calls For SEC Enforcement Despite Controversial Fina...
Predictably, the collapse of FTX has put U.S. regulators on notice. Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched investigations into the business practices of FTX. As the Wall Street Journal reports, even the U.S. Department of Justice may get involved and conduct an investigation. All […]
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U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are the “wild west” of investments and called for a regulatory crackdown on the industry. Some on social media were quick to bite back, however, pointing out Warren’s flawed logic and perceived hypocrisy. Senator Elizabeth Warren Takes on Bitcoin Senator Elizabeth Warren declared her....
CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections. Sheila Warren, CEO of the Crypto Council for Innovation, said the Digital Commodities Consumer Protection Act currently being considered by U.S. lawmakers was a “pivotal step” towards achieving regulatory clarity, but recommended changes to determine the role authorities will take on digital assets.In written testimony for a Wednesday hearing on the bill with the Senate Agriculture Committee, Warren said the proposed....
The long-lost CEO of what was once one of the most hyped bitcoin startups has resurfaced online after a near two-year absence from the community. Danny Brewster, the founder and CEO of Cyprus-based bitcoin banking startup Neo & Bee, is now tweeting from his former Twitter handle @BtcDanny, with messages including promises that he intends to reimburse investors for losses incurred during what can be best described as a contentious period of company turmoil at the start of 2014. During that time, an arrest warrant was issued for Brewster, who faced allegations from law enforcement in Cyprus....
The Financial Crimes Enforcement Network is extending its comment period for a controversial surveillance rule that had the crypto industry up in arms.
Many blockchain companies now believe that regulation is inevitable, but theres a growing debate over where to draw the line between protecting users and strangling the lifeblood out of the industry or forcing it outside the United States.Whether we like it or not, regulation is coming, Sheila Warren of the Crypto Council for Innovation tells me during an interview in the lead up to the recent Collision conference in Toronto, Canada.The CEO of the industry lobby group for blockchain technology explains that rather than trying to stop the inevitable, many companies are now focused on....