CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

congress

CDCROP: AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)

Business

Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations

Lisa Braganca said lawmakers are in a tough spot because many of them had a close relationship with Sam Bankman-Fried, the now-disgraced FTX founder.

By Fran Velasquez

Nov 16, 2022 at 6:34 p.m. UTC

Nov 16, 2022

FTXSECCFTCCongressCoinDesk TV

Policy

Circle

Circle CEO Calls for Clear US Laws on Stablecoins to 'Unleash' Their Potential

In a letter to lawmakers, Jeremy Allaire said inaction will "stunt America's voice."

By Jamie Crawley

Nov 16, 2022 at 10:00 a.m. UTC

Nov 16, 2022

Circlestablecoin regulationUSCongress

Policy

Political donations

Crypto’s Political Cash Backs Winners, But New Lawmakers Will Arrive Under FTX Cloud

The industry’s main political action committee, GMI, counts 19 victories in congressional races while defending its history of support from former FTX CEO Sam Bankman-Fried.

By Jesse Hamilton

Nov 15, 2022 at 6:27 p.m. UTC

Nov 15, 2022

Political DonationsElection 2022GMIFTXCongressHouse of Representatives

CDCROP:US Capitol Building Washington DC (Shutterstock)

Policy

The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX's Founder

The specter of the now-disgraced Sam Bankman-Fried looms large over the bill, but Sens. Debbie Stabenow and John Boozman plan to push ahead anyway.

By Cheyenne Ligon

Nov 15, 2022 at 3:05 p.m. UTC

Nov 15, 2022

PolicySam Bankman-FriedRegulationFTXCongress

CDCROP: FTX's Sam Bankman-Fried testifies before the House Financial Services Committee in Washington, DC, December 2021

Policy

Regulations

FTX’s Failure Is Sparking a Massive Regulatory Response

Lawmakers, regulators and criminal investigators are looking into FTX’s collapse, and Sam Bankman-Fried’s tweets aren’t helping.

By Nikhilesh De

Nov 14, 2022 at 7:56 p.m. UTC

Nov 14, 2022

regulationsFTXFTTAlameda ResearchSam Bankman-FriedFtx collapselawmakersCongressSECRegulators

CDCROP: The Capitol with Traffic on Pennsylvania Avenue (Getty Images)

Policy

Regulations

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by crypto market madness, the industry's regulatory future in the U.S. is in the hands of a divided government.

By Sandali Handagama

Nov 13, 2022 at 5:25 p.m. UTC

Nov 13, 2022

regulationsUSSenateCongressElection 2022FTX

CDCROP: SEC Commissioner Hester Peirce (Nikhilesh De/CoinDesk)

Policy

Ftx

SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation

“Having the SEC and CFTC work together makes a lot of sense,” Peirce told CoinDesk TV.

By Fran Velasquez

Nov 11, 2022 at 5:57 p.m. UTC

Nov 11, 2022

FTXSECCFTCCoinDesk TVRegulationUSCongress

CDCROP: Sam Bankman-Fried and Bill Clinton at Crypto Bahamas conference in Nassau in April 2022 (Danny Nelson/CoinDesk)

Policy

Regulations

Washington, D.C.’s Buddy Sam Bankman-Fried Has Some Explaining to Do

FTX CEO Bankman-Fried has been crypto’s shining star in U.S. policy circles, and it’s unclear whether he has an obvious successor.

By Jesse Hamilton

Nov 10, 2022 at 2:00 p.m. UTC

Nov 10, 2022

regulationsFTXSam Bankman-FriedCFTCCongressPolitical Campaigns

CDCROP: White House (Jesse Hamilton/CoinDesk)

Policy

Regulations

Crypto Has Prepared for Divided US Government, Republican Rise

A partisan mess on Capitol Hill may not be a bad thing for the crypto industry, which has friends on both sides of the aisle and legislative efforts that are – so far – bipartisan.

By Jesse Hamilton

Nov 8, 2022 at 1:00 p.m. UTC

Nov 8, 2022

regulationsWashington, DCElection 2022PoliticsElectionsCongressU.S.