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Billionaire Crypto Executives Are To Blame For The Lack Of Regulatory Clarity In The Industry, Says US Lawmaker

The FTX debacle has sent lawmakers into a frenzy as they believe that the whole fiasco would have been avoided if a proper framework had been implemented. U. S. congressman Brad Sherman has blamed billionaire founders in the cryptocurrency industry for hindering the pace of legislation needed in the ecosystem. дальше »

2022-11-22 20:31


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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator

US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […] дальше »

2022-11-18 23:56


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$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital. дальше »

2022-11-17 12:21