Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.

200 +

US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange.

227 +

Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows

The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.

241 +

Crypto’s Political Cash Backs Winners, But New Lawmakers Will Arrive Under FTX Cloud

All 19 of the congressional candidates backed by the crypto industry’s most widely supported political action committee, GMI PAC Inc. , won their races last week, sending 16 new members to the House and Senate.

140 +

The Long Arm of FTX

Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U. S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation at stake.

154 +

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by market madness, crypto’s regulatory future in the U.S. is in the hands of a divided government.

201 +

FTX Traders Say Democrats Have 23% of Winning the Senate in January

138 +