Proof of State: Crypto Regulation in Congress
Last November’s Impact on Crypto Industry and D.C.
- Sam Bankman-Fried’s influence on crypto bill
- Congress holding public hearings on crypto
- Regulatory agencies stepping up enforcement actions
Crypto Takes a Backseat in Congress
- SEC Chair Gary Gensler’s hearing at the Senate Banking Committee
- Less focus on crypto compared to previous months
- Senators asking about other subjects like private equity and rulemaking
Committee Chairs’ Priorities
- House Financial Services Chair Patrick McHenry and House Agriculture Chair Glenn Thompson prioritize crypto
- Sentiment not shared in the Senate and White House
- National security and anti-money laundering may be exceptions
Blockchain Question from Senator Cynthia Lummis
- Only senator to ask Gensler about blockchain
- Highlighting the need for more crypto-related discussions
Decentralized News
Financial heavyweight Franklin Templeton enters the race for a spot Bitcoin ETF.
Co-founder of OneCoin sentenced to 20 years in prison.
Sam Bankman-Fried’s request for pre-trial release denied.
Decentralized exchanges found to be rife with wash trading.
Fortress Trust loses $15 million in crypto in recent hack.
Meme o’ the Moment
Life is tough for crypto regulation reporters.
Contact Leo Schwartz
Email: [email protected]
Twitter: @leomschwartz
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