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CFTC Chairman Suggests ‘Pause’ to Review Senate Bill Following FTX Collapse

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).

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Politiche

Il Dipartimento di Giustizia degli Stati Uniti vuole che le accuse di frode FTX siano indagate

In un documento depositato in tribunale, il crollo è stato descritto come "il più rapido fallimento di una grande azienda nella storia americana".

Sam Bankman-Fried, CEO de FTX. (Stefani Reynolds/Bloomberg via Getty Images)

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Levels to Watch for Bitcoin Amid FTX Gloom

Bitcoin (BTC) briefly bounced above $17,000 before retreating amid the continued fallout of crypto exchange FTX. StockCharts.com Senior Technical Analyst Julius de Kempenaer discusses his bitcoin's upside potential and downside risk.

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CFTC Chair Testifies Before Senate on FTX; Compass Mining's Bitcoin Miner Protection Plan

Rostin Behnam, chairman of the Commodity Futures Trading Commission, is calling for lawmakers to act quickly and create a crypto regulatory framework after FTX's collapse. Plus, Compass Mining is offering its first protection product so customers can safeguard their bitcoin mining machines. And, Bitcoin self-custody firm Casa is adding Ethereum support to its platform.

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CFTC Chair: Crypto Contagion Has No Direct Impact on Financial Stability

In a hearing with the Senate Committee on Agriculture, Nutrition and Forestry, CFTC Chairman Rostin Behnam weighs in on the FTX collapse, noting that the crisis in crypto has "no direct impact on [broader] financial stability." But, he adds, "we can't just assume things will remain the same."

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CoinDesk Op-Ed: FTX Collapse Was a Crime, Not an Accident

CoinDesk's Chief Insights Columnist David Z. Morris unpacks his latest opinion piece that argues Sam Bankman-Fried, former CEO of troubled crypto exchange FTX, is a fraud.

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Sam Bankman-Fried’s Media Tour Amid FTX Bankruptcy Fallout

Former FTX CEO Sam Bankman-Fried discussed the collapse of his crypto exchange in a live interview with The New York Times during its annual DealBook Summit. Bankman-Fried also spoke to several other media outlets including New York Magazine. "The Hash" panel discusses his media tour and the key takeaways.

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Politiche

L'industria Cripto è un disastro che necessita di un rebranding, afferma un legislatore del Regno Unito

Lord Cromwell implora l'industria di abbandonare le sue "cattive barche" e abbandonare il termine "Cripto" dopo il crollo dell'FTX.

(TerryHealy/Getty Images)

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Sam Bankman-Fried: I Didn’t Knowingly Commingle Funds

In a highly anticipated interview at The New York Times' DealBook Summit, former FTX CEO Sam Bankman-Fried expressed regret over his exchange's collapse, but clung to the narrative that it was a bet gone wrong. "First Mover" hosts Christine Lee, Emily Parker and Lawrence Lewitinn weigh in.

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Bitcoin Above $17K Despite Lingering FTX Contagion Fears

Bitcoin remains above $17,000 despite the lingering FTX contagion concerns. VanEck Portfolio Manager Pranav Kanade discusses his crypto markets outlook and the potential catalysts driving price action in the next year.

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