WazirX on track for restart as it anticipates May sanction hearing

WazirX, a popular cryptocurrency exchange, has announced that its restart plan is progressing as planned after it faced a temporary suspension from the authorities. The exchange is currently waiting for a sanction hearing in mid-May. In recent weeks, WazirX has been under scrutiny by regulatory bodies over compliance concerns. The exchange was briefly halted to [...]

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US House Committees To Hold Joint Hearings On Digital Asset Regulations

The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that the hearings aim to establish a bill providing regulatory clarity to the crypto sector, which adds to the work on a bipartisan bill led by crypto-friendly Senator Cynthia Lummis and Senator Kirsten Gillibrand. (Read More)

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SEC Chief to Testify Before House Committee on Crypto Oversight

SEC chief Gary Gensler will face questioning from the House Financial Services Committee on April 18 regarding his approach toward the crypto ecosystem. The committee will focus on Gensler's rulemaking and approach toward crypto assets and lay down a regulatory sphere for digital assets. (Read More)

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SEC Nominee Atkins Reveals Assets Worth Over $327 Million Prior to Confirmation Hearing

Paul Atkins, former SEC commissioner, recently appeared before a Senate committee hearing to discuss financial disclosure rules. During the hearing, Atkins faced questions regarding his spouse’s financial dealings and the potential conflicts of interest they may pose. Atkins’ wife, a prominent lobbyist, has been the subject of scrutiny due to her clients’ interests potentially conflicting [...]

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Congressman McHenry announces hearings to address market structure around crypto

Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his [...]

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Who is "SARATOSHA NAGAMOTO"?! Nobody Knows, But We Do Know the Shady Truth of Crypto-Hating Congressman Brad Sherman...

Brad Sherman makes it painfully obvious, his anti-crypto stance does not come from doing research, becoming educated on the topic, and coming to an honest conclusion. The traditional finance companies that tell him what to say probably should have had him rehearse. 

Worth Another Look: In a report we published back in 2019, we exposed everything from his top campaign donor charged with processing illegal transactions and using shell companies to avoid anti-money laundering laws, to why women feel "uncomfortable" in his office. The full article is here. Subscribe to GCP in a reader

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UFO hearing: Crypto degens spare no time crafting 50 alien shitcoins

In the wake of the US government being accused of covering up extraterrestrial activity, crypto degens were quick to sprout a shiny batch of memecoins.

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FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year. As previously reported, FTX’s sister trading firm, Alameda Research was understood to have invested around $400 million in Modulo in 2022 — one [...]

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White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency [...]

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Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group

Sam Bankman-Fried's last tweet before his arrest for allegedly committing wire fraud was denying his involvement in a group chat called “Wirefraud.”

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Bankman-Fried on the hook in Texas, called to appear at Feb. hearing

The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines, and forced refunds against SBF and FTX US.

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Crypto Market Responds To Jerome Powell’s Congressional Hearing Remarks

Jerome Powell’s Congressional Hearing remarks on the crypto markets paint a bullish picture for the asset class’s future. Oh? — Will Clemente (@WClementeIII) March 2, 2022 Okay, this response may have come from a question about the World Economic Forum’s plan to use a basket of currencies as monetary backing, but crypto proponents like us […]

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First U.S. House Hearing On Bitcoin Mining Shows Misunderstandings

A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.

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Congress Shares Witness List For Upcoming Bitcoin Mining Hearing

A diverse set of bitcoin mining insiders and outsiders will testify at the House tomorrow.

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Top Three Sam Bankman-Fried Moments Of 2021

2021 was a massive year for Sam Bankman-Fried and his crypto exchange FTX. Let’s look back on the crypto billionaire CEO’s busy 2021.  Covered: Sam Bankman-Fried Solana Call Sam Bankman-Fried Becomes Richest Under 30  Sam’s Congressional Hearing Comments FTX Year-In-Review FTX founder and CEO Sam Bankman-Fried has had a monster year in the crypto space […]

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Brian Brooks: “Stablecoin Issuers Don’t Present All The Risks That Banking Presents.”

Former US Comptroller and current Bitfury CEO Brian Brooks pointed out some underreported aspects of stablecoins.  Covered: Brian Brooks Speaks To Congress Brian Brooks Says Stablecoins Are “New Payments Technology Difference Between Banks And Stablecoins The Not Necessarily Inherent Risk Of Crypto Investing Brian Brooks: Stablecoins Are “New Payments Technology” Brian Brooks is the true […]

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Opening Testimony: U.S. House Committee on Financial Services

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Ether’s Security Status Remains Unclear as SEC Chair Gensler Fails to Answer Lawmaker’s Question

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say “there’s a great deal of [...]

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Key Takeaways from Operation Chokepoint 2.0 Congressional Hearings

Operation Choke Point was a controversial initiative by the U.S. Department of Justice that aimed to crack down on illegal activities involving payment processors. The program came under scrutiny during Congressional hearings, where lawmakers debated its impact on law-abiding businesses. One of the main lessons to be learned from these hearings is the importance of [...]

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