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The Independent UK
The Independent UK
National
Fatima Hussein and Ken Sweet

HISTORICAL FACTS: Regulators and law enforcement crack down on crypto s bad actors congress has yet to take action - The Untold Story

Crypto Binance United States Sherrod Brown SEC Changpeng Zhao Debbie Stabenow John Boozman Sam Bankman-Fried Coinbase
ASSOCIATED PRESS

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry.

The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. Before that came the conviction of FTX founder Sam Bankman-Fried for stealing billions from customers and the implosion of smaller crypto companies that cost investors large sums of money.

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