Crypto reform coming to US in 2023, says former White House chief of staff
SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney.
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US lawmakers reiterate concerns about ‘sham’ crypto firm audits to PCAOB
Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well.
French lawmakers propose ban on crypto influencer promotions
According to the proposal, individuals caught violating these prohibitions could face a two-year prison sentence and a 30,000 euro fine.
Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023
The American venture capital investor Tim Draper took the stage at Paris Blockchain Week 2023 to talk about the decentralization of the future of money.
CryptoUK calls on regulators to address de-banking of digital asset firms
The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.”
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021.
Peter Schiff blames ‘too much gov’t regulation’ for worsening financial crisis
Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance.
Circle taps Cross River as banking partner, expands ties with BNY Mellon
Circle announced a new banking partner after Silicon Valley Bank’s failure, and is expanding ties with BNY Mellon.
Silicon Valley Bank shut down by California regulator
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
Bitcoin price enters ‘transitional phase’ according to BTC on-chain analysis
BTC has struggled to overcome the $25,000 level, but on-chain analysis suggests that the pushback at the key price level is part of the transition out of the bear market.
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