• The House Financial Services Committee passed a suite of crypto legislation.
• Sam Bankman-Fried surrendered Caroline Ellison’s personal writings to court.
• SEC Commissioner Hester Peirce questioned the watchdog’s public accounting warning.
House Financial Services Committee Passes Crypto Legislation
This week, the House Financial Services Committee passed a suite of crypto legislation that could have far-reaching implications for the industry. The bills aim to create an environment that is conducive to fostering innovation in the cryptocurrency space while providing consumers with necessary protections from risks associated with digital assets.
Sam Bankman-Fried Surrenders Personal Writings To Court
In other news, prominent trader and CEO of FTX exchange Sam Bankman-Fried has voluntarily surrendered Caroline Ellison’s personal writings to court as part of an ongoing legal battle between them. This development is a testament to Bankman-Fried’s commitment to upholding the law and ensuring justice is served in this case.
Democratic Congressman Ritchie Torres Criticizes SEC
Democratic congressman Ritchie Torres has criticized Gary Gensler’s appointment as Chairman of the U.S Securities and Exchange Commission (SEC) for his „arbitrary and capricious“ approach when it comes to regulating cryptocurrencies. He believes that Gensler should take a more collaborative approach with industry stakeholders when making decisions about how best regulate the fast-evolving space.
Jason Lowrey’s Book Removed From Circulation
Crypto analyst Jason Lowry recently had his book on Bitcoin, “The Strategic Significance of Bitcoin”, removed from circulation and MIT library without explanation or reason by an unknown entity or person(s). This mysterious move highlights the power dynamics at play in certain sectors of finance and technology where censorship can be used to limit discourse on certain topics deemed too controversial by those holding power over said platforms or institutions.
SEC Commissioner Hester Peirce Calls Watchdog Warning Into Question
Finally, SEC commissioner Hester Peirce called into question a recent public accounting warning issued by a financial watchdog regarding cryptocurrencies such as Bitcoin and Ethereum. She believes that this type of rhetoric could be detrimental to innovation within the sector if not tempered with appropriate advice based on empirical evidence rather than fearmongering tactics often employed by these organizations when discussing new technologies like blockchain or digital assets such as cryptocurrencies