As lawmakers are probing what went wrong at the bankrupt crypto exchange FTX, the chairman of the Commodity Futures Trading Commission made a forceful plea for more rules governing the crypto industry.
The chairman of the Commodity Futures Trading Commission on Thursday made a plea for more rules governing the crypto industry, as lawmakers are probing what went wrong at the crypto exchange FTX.
The hearing “will be crucial to assessing the future of this legislation and whether it still has the similar, strong bipartisan support it did prior to the recent crisis,” Beacon Policy Advisors wrote in a note on Monday. Opinion: Win or lose, crypto investors find a reason to remain all-in — ‘nobody wants to get rich slow,’ advisers say
Today’s hearing is one of at least two scheduled on the FTX debacle. On Dec. 13, the House Financial Services Committee is planning its own hearing on the FTX collapse’s consequences for digital assets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapseCFTC, the financial regulatory body in the U.S., is facing a lot of scrutiny post-FTX collapse, and now its chief is taking a cautious approach to all thing crypto.
Read more »
Former FTX Trading CEO Sam Bankman-Fried: 'I've had a bad month'Former FTX CEO Sam Bankman-Fried knew his company was heading for trouble on Nov. 6, when he realized its trading arm had too many assets tied up in the platform. On Wednesday, he summed it up in his first public interview, saying, 'I've had a bad month.'
Read more »
Crypto trading firm Auros Global misses DeFi payment due to FTX contagionFTX contagion spreads. Auros Global is understood to have missed a key payment on a DeFi loan. Maple Finance pool delegate M11 Credit says it has faced liquidity issues due to FTX's insolvency.
Read more »
FTX blowout puts CFTC head in crosshairsAttention has turned to Commodity Futures Trading Commission Chairman Rostin Behnam amid the collapse of FTX as he prepares to face lawmakers Thursday.
Read more »
BlockFi Owed More Than $1 Billion By Sam Bankman-Fried's Companies | CoinMarketCapcryptonews: 'BlockFi had $671 million in outstanding loans that are defaulted to Alameda and $355 million in digital assets that, unfortunately, are now frozen on the FTX platform.'
Read more »
FTX resumes paying staff, contractor salaries following bankruptcyFTX, the collapsed cryptocurrency exchange once owned by Sam Bankman-Fried, has announced following its bankruptcy filing it will start paying staff again.
Read more »