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Videos

PayPal Facing SEC Subpoena Linked to Stablecoin Could Be a 'Power Grab,' Former Paxos Exec Says

PayPal received a subpoena from the SEC recently, requesting documentation about its stablecoin PYUSD. Columbia Business School adjunct professor and former Paxos head of portfolio management Austin Campbell discusses the agency's latest move, explaining why he thinks this is a "pretty transparent attempt at intimidation and a power grab, especially against another U.S. regulator." Plus, Campbell's reaction to FTX founder Sam Bankman-Fried's guilty verdict and the outlook for the crypto industry.

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Unpacking Sam Bankman-Fried’s Guilty Verdict: What Happens Next?

FTX founder Sam Bankman-Fried was found guilty by a jury on all seven counts of fraud in federal court. What does this verdict mean for the future of the crypto industry? CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in and also shares an update on Bankman-Fried's tentative sentencing hearing slated for March 28, 2024.

The SBF Trial and How We Got Here

Markets

SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken

The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.

Then-CEO of FTX Sam Bankman-Fried and CEO of Solana Labs Anatoly Yakovenko (Danny Nelson/CoinDesk)

Policy

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.

(CoinDesk)

Opinion

A Tale of 2 SEC Commissioners

While SEC Commissioner Hester Peirce has proven constructive and shown a willingness to improve regulatory shortcomings, Chairman Gary Gensler has been anything but.

SEC Commissioner Hester Peirce (Danny Nelson/CoinDesk)

Opinion

Who Won and Lost Most in Sam Bankman-Fried's Criminal Scheme?

The trial verdict is an indictment of regulators and the VC industry. But the U.S. justice system and, yes, journalists, proved their worth more than ever.

(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)

Policy

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

The U.S. derivatives regulator proposed a new rule for how regulated firms should invest clients' funds, but a CFTC commissioner pointed out it doesn't address LedgerX.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Videos

Lawyer Explains Why Sam Bankman-Fried Probably Won't Spend Life in Prison

Ford O'Brien Landy LLP partner Kevin J. O’Brien predicts that Sam Bankman-Fried could face a prison sentence of "something in the neighborhood of 15 years, or maybe even 20 years." "He's a relatively young man, his whole life is in front of him," O’Brien said. "I don't think the judge is going to want to destroy his chances of having a full and productive adult life."

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Videos

An Appeal 'Doesn't Appear Very Likely' for Sam Bankman-Fried, Lawyer Says

Ford O'Brien Landy LLP partner Kevin J. O’Brien weighs in on the possibility for Sam Bankman-Fried's defense team to be granted an appeal after the FTX founder was found guilty in a New York City courtroom on Thursday night. "Mr. Cohen is a very able lawyer...but on the face of it, there doesn't seem to be much for them to work with here," O’Brien said. The "trial was very well-tried by the government."

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Videos

Sam Bankman-Fried's Guilty Verdict Signals 'New Beginning' for Crypto: Yat Siu

Animoca Brands Executive Chairman Yat Siu discusses what the guilty verdict for FTX founder Sam Bankman-Fried means for the broader crypto industry. "In some ways people used to think that if you enter the crypto space, you can kind of get away with stuff," Siu said. The trial against Bankman-Fried demonstrates that there are consequences for bad actors and that "gives people a certain sense of more safety."

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