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Nalezeno "State of Crypto": 164

Is Sam Bankman-Fried Going to Jail?


Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and potentially influence her testimony

Mashinsky's Arrest, Ripple Ruling, Etc.


I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up

Unpacking the Latest Lummis-Gillibrand Bill Draft


U.S. Senators Cynthia Lummis and Kirsten Gillibrand have developed a second draft of their comprehensive crypto regulation bill. Chances are slim that it will, as a single bill, advance to becoming a law, but it may still drive a broader conversation within Congress on what sort of provisions...

Coinbase Goes to Court Against the SEC


Coinbase (COIN) and the Securities and Exchange Commission will meet in court this week. The hearing – the questions asked and the answers given – should provide some hints on how the case may go (for now, anyway)

Will 2023 Be the Year of the Bitcoin ETF?


Excitement over the hoped-for approval of a spot bitcoin exchange-traded fund is back again. This time, financial giant BlackRock’s entrance to the race for an ETF has spurred hope that the Securities and Exchange Commission will approve the long-awaited product, a decade after the crypto industry...

Reviewing the Tether Documents


Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, which CoinDesk won...

Covering the 2024 Presidential Election


It gives me no pleasure to report that less than six months into this Congressional term, the 2024 election season has become fully underway. Florida Governor Ron DeSantis (R) officially declared his candidacy last week, though he appears to have been laying the groundwork (campaigning) for quite...

Excavating the Truth Around the Bitcoin Mining Discourse


Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found...

Previewing Congress's Joint Crypto Regulation Hearing


Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...

Unpacking Policy Issues at Consensus 2023


We’ll hear discussions ranging from global regulatory policy around crypto to how industry and lawmakers alike are approaching the question of privacy and privacy tool usage in crypto at CoinDesk's Consensus 2023 conference

What’s in the House Financial Services Committee’s Stablecoin Bill?


The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins

World Regulators Are Looking at DeFi


Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi might pose to both users and the broader financial...

That Binance Suit Sure Seems Bigger Than Just a CFTC Case


Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading Commission sued it), but also for what didn’t (the...

Is Ether a Security?


Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things happened

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