Congress

FTX CEO’s Testimony and Restructuring Plan: 5 Things to Know
FTX CEO’s Testimony and Restructuring Plan: 5 Things to Know
December 13, 2022  |  Cryptocurrency

FTX’s caretaker CEO is offerings fresh insights hours after the bankrupt exchange’s former CEO was arrested. Sam Bankman-Fried’s (SBF’s) appointed successor, John J. Ray III,...

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Expect a Tale of Two CEOs at Dec. 13 FTX Hearing or Not
Expect a Tale of Two CEOs at Dec. 13 FTX Hearing or Not
December 12, 2022  |  Cryptocurrency

It’s a short witness list for the House Financial Services Committee’s FTX hearing Tuesday (Dec. 13). The title of the hearing, “Investigating the Collapse of...

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Tweet It to Believe It: SBF Speaking at House Hearing
Tweet It to Believe It: SBF Speaking at House Hearing
December 09, 2022  |  Cryptocurrency

The one-time billionaire founder of failed Crypto exchange FTX, Sam Bankman-Fried, is heading to Washington. This, as the fallen king of crypto tweeted to Congresswoman and...

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House Committee to Investigate FTX Collapse, Requests Company Documents
House Committee to Investigate FTX Collapse, Requests Company Documents
November 18, 2022  |  Cryptocurrency

Raja Krishnamoorthi, chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, has requested FTX turn over documents and information as part of...

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Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
November 17, 2022  |  Biometrics

While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds...

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Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
November 16, 2022  |  Cryptocurrency

The drumbeat for stablecoin regulation grows louder. But the questions — the what, when, and especially the how it all gets done — are still...

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US Lawmakers Hope for Stablecoin Bill This Year
US Lawmakers Hope for Stablecoin Bill This Year
November 16, 2022  |  Cryptocurrency

Sens. Kirsten Gillibrand, Patrick Toomey and Cynthia Lummis are reportedly working on legislation that would establish regulations for stablecoins and hope to get it in front...

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JPMorgan, Citi and Others Keep Russia Ties Open at US Request
JPMorgan, Citi and Others Keep Russia Ties Open at US Request
November 07, 2022  |  Banking

Aiming to keep money flowing in the global economy even as it enforces sanctions against some Russian targets, the United States federal government has reportedly...

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Crypto Firm Donations Increase as Midterms Approach
Crypto Firm Donations Increase as Midterms Approach
November 06, 2022  |  Cryptocurrency

Cryptocurrency firms have drastically stepped up their political donations as the U.S. midterm elections approach, hoping a new Congress can offer some protection from increased...

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