Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea
Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.
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Fraud Lawsuit Against Michael Egorov, the CEO of DeFi Giant Curve, Is Quashed in California
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
FASB’s Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue
The U.S. accounting standards board yesterday unanimously voted in favor of “fair value” accounting for crypto assets held on corporate balance sheets.
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
The crypto exchange’s promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams.
SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator
Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation during a speech on Thursday.
U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.
Cboe’s BZX Exchange Files to Launch Ark 21Shares, VanEck Spot Ether ETFs
Cboe’s BZX exchange filed the first documents in a bid to offer the first spot ether exchange-traded funds in the U.S.
Bitcoin Little-Changed at $25.7K After Newsy and Volatile Session
Broader crypto markets were modestly lower late on Wednesday.
Celsius Network Files ‘Adversary Complaint’ Against EquitiesFirst to Recover Assets
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022.