Lawmaker Suggests Lowering SEC Chief Gary Gensler’s Pay to $1
The proposal to significantly reduce funding for the SEC and other government agencies is outlined in the Financial Services and General Government bill. A lawmaker from the United States proposes that Gary Gensler, the chairman of the Securities and Exchange Commission, be remunerated at a rate of $1 per annum. In a proposed amendment to […]
Sam Bankman-Fried to Testify in Criminal Trial
In the criminal fraud case, the former CEO of FTX will be one of a limited number of witnesses to testify in his defense. As part of his defense, former FTX CEO Sam “SBF” Bankman-Fried will testify, according to his attorney Mark Cohen . Cohen stated in a telephone conference held on October 25 between […]
British MPs Press NFT Copyright Violation
A British parliamentary committee has called for a crackdown on sports supporter tokens and recommended the government issue a code of conduct for NFT platforms. A bipartisan parliamentary committee has called on the British government to safeguard creators from copyright infringement caused by nonfungible tokens (NFTs) and address possible consequences from athletic organizations issuing digital […]
Brazil’s Congress Proposes Indicting Binance CEO CZ
Changpeng Zhao and three local Binance executives have been recommended for indictment for fraud and other financial offenses by a congressional committee. A Brazilian congressional committee has recommended that Binance CEO Changpeng “CZ” and three other Binance executives be indicted following an investigation into financial pyramid operations in Brazil. On October 10, the committee issued […]
John Deaton Joins LBRY Lawsuit as Amicus Curiae
John Deaton, an attorney representing several token holders in the Ripple-Securities and Exchange Commission (SEC) lawsuit, has formally filed his notice of appearance as an Amicus Curiae in the LBRY litigation. According to a document filed with the United States Court of Appeals for the First Circuit on September 14, 2023, Deaton has officially filed […]