Daily Archives: November 28, 2022, 9:52 am

BIG CRYPTO’S BOGUS DEMANDS FOR “REGULATORY CLARITY” – The FinReg Blog

Despite its pervasiveness and bluster, the laughable Big Crypto tagline calling for regulatory clarity is nothing more than a desperate deflection and noxious red herring. Intended to sidetrack and dissemble the plain truth — that the crypto-emperor has no clothes — the regulatory clarity and SEC hit-pieces are pure subterfuge, and an impulsive and frantic attempt to appeal and co-opt…

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Why the CFTC was Sam Bankman-Fried’s favorite Washington agency – The Washington Post

Before his undoing this month, crypto mogul Sam Bankman-Fried aggressively pursued powerful allies in Washington. None was more important than Rostin Behnam. The chief of the federal agency that oversees commodities markets, Behnam holds a strategic perch among the nation’s financial regulators. And the 44-year-old Washington bureaucrat was indispensable in the boyish billionaire’s ambitious plans to reshape U.S. crypto regulation.…

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Crypto’s Final Price Could Be Zero – WSJ

The new poster child for the toxic cocktail of technology and debt is Sam Bankman-Fried, with his imploded FTX and Alameda empires. Sure, these companies misappropriated, to put it nicely, customers’ assets. And yes, withdrawals that acted like a bank run drove the company into Chapter 11. But the company’s original sin was to borrow against its own FTT token,…

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