Decentral Block Post

A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX's collapse.

The former CEO had a wide-ranging interview in which he made a number of startling remarks.

The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.

"There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.

UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East.

Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.

The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.

With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.

Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.

Lawmakers, regulators and even the institutional media don’t seem to have much interest in faulting SBF for using customer money to trade under the table.

In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness.

Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”

Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change," said the SEC.

Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.

The Securities Commission of the Bahamas said it had to act "given the magnitude, urgency, and international implications of the unfolding events with regard to FTX."

Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022.

In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.