Category: Opinion

FTX Founder Sam Bankman-Fried’s Ties to George Santos Are a Thread in a Web of Lies

CryptoLeave a Comment on FTX Founder Sam Bankman-Fried’s Ties to George Santos Are a Thread in a Web of Lies

This information was puzzling when it first emerged – Santos had no clear connection to FTX, and no apparent interest in crypto or any other issues Bankman-Fried feigned concern about. According to Puck News, though, the explanation for the Santos connection is relatively straightforward. Salame’s girlfriend, Michelle Bond, former CEO of the FTX-backed crypto trade […]

Continue Reading

Rising Fees Due to Bitcoin NFTs Is a Cause for Action

CryptoLeave a Comment on Rising Fees Due to Bitcoin NFTs Is a Cause for Action

First, by sheer transaction volume, Bitcoin’s mempool has seemingly never been this full – not by a longshot. The last major peak in April of 2021 saw 200,000 transactions waiting in line, but yesterday that number peaked at 450,000. (Hoenicke’s node only tracks back to 2017, but prior to that bull market, Bitcoin congestion and […]

Continue Reading

Why Ron DeSantis (and Other U.S. Politicians) Are Wrong to Ban CBDCs

CryptoLeave a Comment on Why Ron DeSantis (and Other U.S. Politicians) Are Wrong to Ban CBDCs

What all of that research has revealed is … complicated. There are legitimate risks associated with CBDCs, and theoretical impacts that could reshape the financial sector as we know it. A “retail” CBDC, for instance, essentially a checking account kept at the Federal Reserve that any U.S. resident would be entitled to use, would compete […]

Continue Reading

Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?

CryptoLeave a Comment on Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?

But the new vertical is also a sign of the exchange’s increasingly global perspective. Although Coinbase has operated across Europe and parts of Asia, Africa and Latin America for years, it has recently become more vocal about building internationally. In an April blog post, the exchange said it has begun talking with financial regulators in […]

Continue Reading

What’s in the House Financial Services Committee’s Stablecoin Bill?

CryptoLeave a Comment on What’s in the House Financial Services Committee’s Stablecoin Bill?

Another section calls for a study on “the potential impact” of a central bank digital currency (CBDC), or digital dollar, on the Fed’s monetary policy tools, U.S. financial sector, banking sector and financial stability, as well as to payment services. The Treasury Department, alongside the various regulators, would have to report to the Financial Services […]

Continue Reading

True Consumer Protection in Crypto Lies Between Centralization and Decentralization

CryptoLeave a Comment on True Consumer Protection in Crypto Lies Between Centralization and Decentralization

Narratives about crypto regulations and compliance, or lack thereof, are increasingly missing the point. The general purpose of financial regulation is to maximize consumer protection, prevent fraud and abuse, and ensure well-ordered markets. Broadly speaking, the mission is the same in any jurisdiction, and for any financial regulator.

Continue Reading