Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.
The hearing, titled ‘Why Congress Needs to Act: Lessons Learned from the FTX Collapse’, will be one of the first in which U.S. lawmakers explore what happened with the exchange.
Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.
‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.
Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.
The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.
The country’s first effort at crypto regulation amends the country’s Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements.