Third parties could return FTX funds directly to customers: Law firm
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.
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US Lawmaker: Crypto Self-Custody Is Antidote to FTX Fraud — ‘Keep Your Coins Act’ Will Protect Self-Hosted Wallets
U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which…
Sam Bankman-Fried is one step closer to US extradition: Report
Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly in attendance to witness the former FTX CEO waiving his right to a formal extradition process.
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will…
Bank of Russia to Test International Crypto Payments With Companies
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted…
Who has returned donations or contributions from FTX amid the firm’s reputational risks?
Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions.
4 legislative predictions for crypto in 2023
We may not see much from Congress, but there is a chance the SEC will continue making crypto policy via litigation.
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act…
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by…
Coinbase CEO: Regulate centralized actors but leave DeFi alone
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost.
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