3 Big Drivers Determining the Future of Crypto in the U.S.
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A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
Blockchain Association CEO Kristin Smith said crypto lobbyists helped beat back disastrous regulations on “unhosted wallets.” (Shutterstock/CoinDesk)
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
The U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token swaps – contrasted with the regulator’s more lenient image.
Crypto markets slumped Monday, possibly in part due to fears of FTX unloading its $3.4 billion crypto assets.
A federal judge refused Sam Bankman-Fried’s bid to be released from jail ahead of trial on Tuesday.
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