crypto regulation
Genesis’ Crypto-Lending Unit Pauses Customer Withdrawals Amid FTX Collapse
The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday. Genesis owner Digital Currency Group is also the parent company of CoinDesk. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.
EU May Ban Privacy-Enhancing Crypto Coins, Leaked Draft Reveals
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk. "The Hash" panel discusses the outlook for crypto regulation.
What’s in the Crypto Legislation Backed by Sam Bankman-Fried?
U.S. Senators are planning to push forward with the bipartisan Digital Commodities Consumer Protection Act (DCCPA) crypto legislation backed by Sam Bankman-Fried despite the implosion his crypto exchange FTX. "The Hash" panel discusses the potential outcomes and Bankman-Fried's political reach in the latest fallout.
FTX May Have More Than 1M Creditors, New Filings Say
FTX may have more than 1 million creditors, according to a court filing that began to explain the company's descent into bankruptcy. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details. Plus, the latest on the liquidators approved by the Bahamian Supreme Court for FTX's assets.
FTX Downfall Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report
In the aftermath of crypto exchange FTX's fall from grace, U.S. Treasury Secretary Janet Yellen said the industry needs "very careful regulation," Bloomberg reported Saturday. "The Hash" hosts discuss Yellen's reported remarks and the implications for crypto regulation.
FTX Facing Criminal Investigation in the Bahamas
Law enforcement in the Bahamas are investigating crypto exchange FTX following the platform's swift collapse. A local financial regulator also said that FTX was not required to allow Bahamas-based customers to withdraw their funds. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.
SEC Commissioner Hester Peirce on FTX Collapse
The collapse of crypto exchange FTX has sparked a number of calls for greater regulation or faster legislative action from leading U.S. lawmakers. SEC Commissioner Hester Peirce joins “First Mover” to discuss the crisis that the crypto industry faces now, and ways it may be regulated in the near future.
FTX Collapse Potential 'Catalyst' For Regulatory Work: SEC Commissioner
SEC Commissioner Hester Peirce reflects on the developments unfolding from FTX, after the crypto exchange filed for bankruptcy protection in the U.S. "It can be a catalyst for us to sit down and do some of the regulatory work that's hard work," Peirce said.
FTX Files for Bankruptcy Protections in US; Sam Bankman-Fried Resigns
Crypto exchange FTX announced that it is filing for Chapter 11 bankruptcy and Sam Bankman-Fried has stepped down from his role as CEO but will “remain to assist in an orderly transition.” CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.
Regulatory Gap Limiting CFTC's Crypto Purview: Commissioner Johnson
CFTC Commissioner Kristin N. Johnson discusses her take on FTX's downfall and whether U.S. regulators might probe Sam Bankman-Fried, the head of a non-U.S. entity, the way they did former BitMEX CEO Arthur Hayes. "We are vigorously enforcing any instances where we can," Johnson said. "There is a regulatory gap ... that really limits our ability."
