🇺🇸 FTX turmoil, midterms scramble crypto’s D.C. agenda
With the digital asset market tumbling, the industry's best-known face in Washington, D.C. in serious trouble, and control of the Senate in limbo, crypto policy advocates scrambled to chart a path forward on Wednesday. The credibility crisis they face comes at a key moment, as policymakers consider writing new rules for the industry.
Securities and Exchange Commission Chair Gary Gensler weighed in on the FTX turmoil, calling it part of a pattern that hurts investors. The Biden administration also has encouraged regulators to use existing rules to bolster its enforcement actions against crypto firms. Adding to industry tensions Wednesday, news broke that Binance pulled out of its letter of intent to effectively bail out troubled rival FTX, renewing fears of contagion in the crypto markets.
Source
https://t.me/Bitcoin_NewsTg
Crypto Mint
With the digital asset market tumbling, the industry's best-known face in Washington, D.C. in serious trouble, and control of the Senate in limbo, crypto policy advocates scrambled to chart a path forward on Wednesday. The credibility crisis they face comes at a key moment, as policymakers consider writing new rules for the industry.
Securities and Exchange Commission Chair Gary Gensler weighed in on the FTX turmoil, calling it part of a pattern that hurts investors. The Biden administration also has encouraged regulators to use existing rules to bolster its enforcement actions against crypto firms. Adding to industry tensions Wednesday, news broke that Binance pulled out of its letter of intent to effectively bail out troubled rival FTX, renewing fears of contagion in the crypto markets.
Source
https://t.me/Bitcoin_NewsTg
Crypto Mint