FTX Collapse Shows a Need for Crypto Regulation—US Treasury Secretary Yellen
US Treasury Secretary Janet Yellen believes the FTX collapse shows weakness in the crypto industry and a need for regulation.
NY Regulator Warns Against Congress Overriding State Crypto Regimes
New York's head financial services regulator wants Congress to look at her state's rules around crypto when thinking about a national model and warned against federal laws overriding state regimes.
California AG Issues Warning-Ladened Guidance for Public Interested in Buying Crypto
With the cryptocurrency market becoming ever more complex and intimidating, California Attorney General Rob Bonta had decided to issue guidance for novice crypto buyers. The California Office of the Attorney General’s website now features a page that will help those new to crypto “avoid the hype, and get the facts.”
FDIC Acting Chair Says No Crypto Firms or Tokens Are Backed by Agency
Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens.
Thousands Petition for Congressional Investigation of Alleged SEC's Gensler–SBF Links
Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization <a href="https://twitter.com/cryptolawus/status/1592203835057094656" target="_blank">claimed</a> in a tweet on the morning of Nov. 14.
Crypto Bug Bounty Hunting: An Overview Since 2020
People are making money off crypto through “bounties” hosted by crypto platforms.
Sam Bankman-Fried Claims FTX US Had Enough Funds to Pay All Customers
Bankman-Fried's seemingly incoherent Twitter-stream-of-consciousness thread continued to unfold on Tuesday, most recently with the claim that, “FTX US had enough to repay all customers,” a statement he simultaneously undercuts with the caveats that his memory might be faulty and that "not everyone necessarily agrees.”
European Union Has Plans to Restrict or Ban the Use of Privacy Coins
EU legislators are working on an anti-money laundering policy proposal prohibiting banks and crypto providers from interacting with privacy coins, according to an anonymous EU diplomat who allegedly revealed the plans to <i>CoinDesk.</i>
FTX Fallout Adds Urgency to South Korea’s Push for Crypto Regulations
Regulators stressed the need to have a regulatory framework in place during a meeting of South Korea’s National Assembly, given the failure of multi-billion dollar cryptocurrency exchange FTX.
Ripple Urges UK to Craft ‘Bespoke Regulatory Framework’ for Crypto
Ripple is hoping to make inroads with politicians in the UK amid its ongoing dispute with the SEC in the United States. The firm has issued a new regulatory whitepaper ahead of expected revisions to the UK’s Financial Markets and Services Bill, which is set to define the nation’s crypto regulation framework.
