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BIZARRE: 15 - What They Never Told You

Binance once tried to hire SEC Chair Gary Gensler

The SEC chair rejected the offer, and those of several other companies, while he worked at MIT from 2018 to 2021.

Fortune

Nishad Singh, Indian-origin engineer at FTX, pleads guilty to fraud charges

NEW YORK: Nishad Singh, a 27-year-old engineer of Indian-origin, who previously served as the co-lead engineer of FTX Trading Ltd, has admitted to charges of committing fraud.

The Times of India

PredictIt Helps Forecast Election Results. Bureaucrats Are Trying To Kill It.

Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Emails reveal Sam Bankman-Fried’s courtship of federal regulators

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

Los Angeles Times

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi

The crypto industry suffered a big black eye, but it isn't going anywhere, Armstrong says.

Axios

Sen. Boozman wants the SEC and CFTC to sign off on crypto legislation

A leading lawmaker discusses how he plans to advance oversight of crypto.

Fortune

An FBI ace on how to build an airtight case against SBF

Gregory Coleman ran the criminal investigation against Jordan Belfort, and helped seize assets that went back to Bernie Madoff victims.

Fortune

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Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

Roll Call

FTX charges may do little to bring law to crypto Wild West

Charges largely center on straightforward fraud allegations, rather than getting crypto specific.

Axios

House Financial Services presses FTX CEO on crypto's regulatory needs - Roll Call

John Ray III, who took over FTX after its collapse, tells lawmakers the cryptocurrency exchange was "uniquely positioned to fail."

Roll Call

US unseals fraud and conspiracy charges against Bankman-Fried - Roll Call

The U.S. brings criminal and civil charges Tuesday against former FTX CEO Sam Bankman-Fired, including one related to campaign finance law.

Roll Call

SBF agreed to testify in Congress. Here’s what lawmakers are thinking about crypto legislation

How will the collapse of FTX shape regulation from Washington?

Fortune

Senate Banking Democrats plan bigger role in crypto legislation - Roll Call

Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.

Roll Call

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

Commodity Futures Trading Commission Chairman Rostin Behnam urged senators to strengthen conflict of interest and financial disclosure provisions for cryptocurrency entities in a key piece of legislation in light of the collapse of the FTX exchange.

Tribune News Service

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Fortune

‘We can’t regulate this out of existence’: Senate Agriculture Committee grills CFTC chair on FTX collapse

Rostin Behnam said he met with Sam Bankman-Fried 10 times over an FTX proposal.

Roll Call

CFTC chief urges strengthening conflict-of-interest part of Senate crypto bill

Rostin Behnam urged senators to strengthen conflict-of-interest and disclosure language in a bill to regulate cryptocurrency.

Fortune

‘Inaction is paralysis’: CFTC Chair Rostin Behnam calls for regulation in the wake of FTX’s collapse

His commission has come under scrutiny for its relationship with the exchange and Sam Bankman-Fried.

Tribune News Service

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

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Roll Call

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

WEKU

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Tribune News Service

Sam Bankman-Fried's FTX empire faces US probe into client funds, lending

U.S. regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.

Fortune

The big crypto winner of the midterms? The SEC and CFTC

Why the Democrats’ outperformance and crypto turbulence may empower regulators.

Benzinga

Hey, Kirsten Gillibrand! You're Invited To Benzinga's December 2022 NYC Crypto And Fintech Events. See You There?

Benzinga cordially invites Senator Kirsten Gillibrand to attend Benzinga's next event, The Future of Crypto summit, on December 7-8, 2022, at NYC's Pier Sixty. No RSVP is required. Just show up, and we'll cover your stay, too!

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