State of Crypto

Crypto lender Nexo said it would stop offering products and services in the U.S. in the coming months as their discussions with both state and federal regulators had come to a "dead end." CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.

6. Dez. 2022

Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a CoinDesk source familiar with the situation. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details. Genesis and CoinDesk are both owned by the Digital Currency Group.

5. Dez. 2022

CFTC Chairman Rostin Behnam testified before the Senate Agriculture Committee in the first of several congressional hearings on FTX and said his agency couldn't have prevented the collapse because FTX wasn't an entity regulated by CFTC. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the hearing and why Chairman Behnam asked lawmakers to “take a pause” and overhaul the crypto bills. Plus, the significance of the Digital Commodities Consumer Protection Act (DCCPA).

2. Dez. 2022

Former FTX CEO Sam Bankman-Fried apologized for the collapse of his crypto exchange in an anticipated interview with The New York Times, but distanced himself from Alameda Research. "I wasn’t running Alameda. I didn’t know exactly what was going on. I didn’t know the size of their position," Bankman-Fried said. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the takeaways from the interview.

1. Dez. 2022

Crypto lender BlockFi became the latest industry heavyweight to file for Chapter 11 bankruptcy, joining Celsius Network, Voyager Digital and FTX. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways from the first day of bankruptcy proceedings.

30. Nov. 2022

Cryptocurrency lender BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, on the same day sued FTX founder Sam Bankman-Fried's Emergent Fidelity Technologies holding company for Robinhood Markets (HOOD) shares held by the company and pledged to BlockFi as collateral, the Financial Times reported, citing loan documents it had seen. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De dicusses the latest developments.

29. Nov. 2022

During a pre-taped speech, The Bahamas’ Attorney General Ryan Pinder summarized the collapse of FTX and stated that the country’s regulatory regime was sufficient to oversee crypto businesses. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the speech and the latest on The Bahamas’ investigations into FTX.

28. Nov. 2022

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses whether The Bahamas has enough resources to investigate the collapse of FTX, with reference to the pre-taped speech from the country’s Attorney General Ryan Pinder.

28. Nov. 2022

FTX’s former CEO Sam Bankman-Fried apologized to the crypto exchange’s employees and revealed the amount of leverage in an internal letter. "I froze up in the face of pressure,” Bankman-Fried wrote. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the contents of the letter.

23. Nov. 2022

U.S. senators Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), Chris Van Holland (D-Md.) and Tina Smith (D-Minn.) wrote open letters to digital finance company SoFi and several bank regulators, asking for a "review" of SoFi's crypto offerings. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in on the concerns about SoFi’s expansion into crypto business. Plus, what to expect from today's FTX court hearing.

22. Nov. 2022