French Hill has chaired the Subcommittee on Digital Assets, Financial Technology and Inclusion since its creation in January 2023.
Crypto-focused lawmaker wants to lead House Financial Services Committee in 2025 Facing potential prison time, former Binance CEO hints at new project Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”
Bitcoiner wants to plant the orange flag on top of Everest Dadvan Yousuf said he planned to “hoist the Bitcoin flag at the top of the world” to highlight the “global disparity in access to financial education.”
Sam Bankman-Fried’s brother: ‘His life would be wasted in prison’ The former FTX CEO’s mother, father, and brother all wrote letters to Judge Lewis Kaplan suggesting that SBF’s lack of social awareness could lead to problems in prison.
Crypto users weigh in on Sam Bankman-Fried’s prison time ahead of sentencing memo Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15–25 years based on his case, according to some lawyers.
Do Kwon likely won’t be extradited ‘before the end of March,’ say lawyers According to Do Kwon’s legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”
Appellate court rejects new trial for ‘My Big Coin’ founder Three judges rejected arguments that a court violated Randall Crater’s Sixth Amendment rights and included testimony from a crypto expert he claimed was unqualified.
Crypto users could ‘make a difference in a close election’ in the US — CoinFlip CEO U.S. presidential candidates have won or lost key states by as little as 11,000 votes, giving crypto users the chance to “move the needle one or two points,” according to Ben Weiss.
Prosecutors request Changpeng Zhao surrender all passports ahead of sentencing The government asked CZ to surrender his Canadian passport and “all other current and expired passports and travel documents” to his counsel, who was expected to oppose the motion.
Former FTX exec Ryan Salame to be sentenced on May 1 Out of all the individuals charged related to fraud at FTX and Alameda, Ryan Salame was the only former executive who didn’t testify at Sam Bankman-Fried’s criminal trial.
Texas Blockchain Council and Riot Platforms sue energy officials over crypto mining data Plaintiffs in the lawsuit suggested that a mandatory Energy Information Administration survey for crypto miners was politically motivated and an overreach of government authority.
Nayib Bukele’s party takes supermajority in legislature amid voter fraud allegations The Salvadoran president claimed victory before the official results were released, but opposition groups have alleged voter fraud and manipulation.
Valkyrie launches 2x leveraged Bitcoin futures fund The investment vehicle is listed on the Nasdaq with the ticker symbol BTFX following the 2023 launch of a similar fund under BTFD.
Sam Bankman-Fried is back in court, waives conflict of interest for lawyers Lawyers Marc Mukasey and Torrey Young will represent the former FTX CEO through his sentencing on March 28, while Christian Everdell and Mark Cohen are withdrawing.
SEC enforcement attorney joins law firm defending crypto companies Ladan Stewart was one of the attorneys of record in the SEC’s enforcement action against Ripple but withdrew from the case in January.
Do Kwon to be extradited to US following last-ditch effort in Montenegrin court: Report The High Court of Podgorica in Montenegro reportedly rejected a request to extradite Terraform Labs co-founder Do Kwon to South Korea.
Crypto advocacy group calls on Senate Banking Chair not to support Elizabeth Warren’s AML bill The Chamber of Digital Commerce claimed Senators Elizabeth Warren and Sherrod Brown were “trying to kill the entire industry” with the Digital Asset Anti-Money Laundering Act.
Alex Mashinsky waives right to ‘conflict-free representation’ after concerns about lawyers Former FTX CEO Bankman-Fried is scheduled to return to court on Feb. 21 for a similar hearing regarding potential conflicts of interest in his legal representation.
Lawyer running to unseat Elizabeth Warren doesn’t mention crypto in campaign launch Senator Elizabeth Warren reportedly called for donations for her 2024 reelection by calling John Deaton a “big cheerleader for crypto interests” ahead his campaign launch.
‘Flood of money’ from crypto Super PACs could fund potential challenger to Elizabeth Warren Crypto skeptic Elizabeth Warren suggested interest groups could “spend any amount of money needed” to attempt to stop her and Representative Katie Porter’s Senate runs.
Coinbase donates $3.6M to Bitcoin developers through Brink The donation went through Coinbase’s GiveCrypto initiative, which the exchange announced in December it planned to wind down.
Arkham Intelligence identifies MicroStrategy Bitcoin holdings pooled with Fidelity Roughly 107,000 BTC of MicoStrategy’s holdings appeared pooled with Fidelity Custody, while 79,000 BTC was “held in segregated custody including Coinbase Prime.”
Elizabeth Warren’s bill ‘wouldn’t do anything’ to stop terrorist financing in crypto — US lawmaker Representative French Hill challenged aspects of a bill amending the Bank Secrecy Act, implying that requirements would be impossible to apply to crypto miners and validators.
Court clears Genesis to liquidate $1.3B worth of Grayscale GBTC shares Filings suggested that Genesis Global Holdco held roughly $1.6 billion worth of shares of Grayscale Bitcoin Trust, Grayscale Ethereum Trust and Grayscale Ethereum Classic Trust.
Joe Biden’s pick for OECD ambassador could give up Coinbase advisory council: Report Former Representative Sean Patrick Maloney reportedly sent a letter to Senator Elizabeth Warren claiming he would recuse himself from crypto-related policy decisions at the OECD.
Pro-crypto candidate wins VP slot in Indonesia’s presidential race An unofficial tally reportedly showed Prabowo Subianto and Gibran Rakabuming Raka winning Indonesia’s presidential ticket with roughly 58% of the vote.
Pro-crypto Super PAC targets Rep. Katie Porter in California Senate race The Fairshake political action committee raised more than $85 million and spent roughly $19 million as of Dec. 31, according to data from Open Secrets.
SEC chair goes back 11 years to find relatable examples of AI in pop culture According to Gary Gensler, institutions could reach a point where overreliance on AI leads to a financial crisis.
Blockchain Association calls out Elizabeth Warren’s legislation on digital assets Eighty individuals signed onto a Blockchain Association letter to U.S. lawmakers saying digital assets were “pivotal” to the country’s strategic advantage.
Gary Gensler responds to US lawmakers over SEC’s false spot Bitcoin ETF tweet The SEC chair penned a letter to four members of the U.S. House of Representatives breaking down the timeline of the commission’s Jan. 9 SIM swap attack.