• A suite of crypto legislation passed the House Financial Services Committee this week.
• Sam Bankman-Fried surrenders Caroline Ellison’s personal writings to court.
• Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion.
House Financial Services Committee Passes Crypto Legislation
The House Financial Services Committee has passed a suite of crypto legislation this week in an effort to create a more favorable regulatory climate for cryptocurrency and digital asset businesses. The legislation is intended to promote innovation and investment in the space while also providing consumer protection measures.
Sam Bankman-Fried Surrenders Caroline Ellison’s Writings
Sam Bankman-Fried, CEO of FTX, has surrendered Caroline Ellison’s personal writings to court in response to a subpoena from the U.S. Securities and Exchange Commission (SEC). This follows the SEC’s investigation into FTX’s potential violation of securities laws with its token offerings earlier this year.
Ritchie Torres Calls Gensler’s SEC ‚Arbitrary and Capricious‘
Democratic congressman Ritchie Torres has expressed concern over Gary Gensler’s recent appointment as chairman of the SEC, calling his views on cryptocurrency regulation „arbitrary and capricious“. He argued that there needs to be greater clarity around how cryptocurrencies will be regulated going forward in order for investors and businesses to make informed decisions about their involvement in the space.
Jason Lowrey’s ‚Softwar‘ Removed from Circulation
Jason Lowrey’s book ‘Softwar’ was recently removed from circulation and taken off library shelves at MIT for unknown reasons. The book is a historical account of the rise of blockchain technology and cryptocurrency over the past decade, providing an insight into some of its key players and developments since its inception.
Hester Peirce Calls Watchdog’s Accounting Warning into Question
SEC commissioner Hester Peirce has called into question a watchdog group’s warning that public companies should disclose any significant investments they have made in cryptocurrencies or digital assets on their financial statements or face possible legal action from regulators. She argued that such disclosures could potentially stifle innovation if companies are hesitant about investing due to potential scrutiny from regulators or other stakeholders.