Regulators

Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report

November 20, 2024 The Daily Hodl

Alameda Research

The former chief technology officer of disgraced crypto exchange FTX is dodging prison time by cooperating with the US government. According to a report from Reuters, Wang – a computer programmer who unwittingly wrote the code that allowed former FTX CEO Sam Bankman-Fried to steal billions of dollars from customers – is being spared prison […]

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Seven US Representatives Ask Treasury Secretary Janet Yellen Why Tornado Cash Remains Online Despite Sanctions

November 20, 2024 The Daily Hodl

Daily Hodl

A handful of Democratic US Representatives are grilling Treasury Secretary Janet Yellen on the continued accessibility of Tornado Cash, an Ethereum (ETH)-based coin mixing system that helps users conceal their digital assets. The US sanctioned the controversial project in 2022 for national security purposes, but seven members of the House of Representatives wrote to Yellen last […]

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Gemini’s Tyler Winklevoss Blasts SEC Chair Gary Gensler, Calls Him ‘Evil’ With ‘Sociopathic Ambition’

November 18, 2024 The Daily Hodl

crypto

Gemini co-founder Tyler Winklevoss is questioning the moral character of Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC). In a scathing new thread on the social media platform X, Tyler Winklevoss calls Gensler evil with “sociopathic ambition” who should never be in a position of power or influence again. Winklevoss […]

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SkyBridge’s Anthony Scaramucci Says Crypto Now Searching for Fair Pricing After Being ‘Ridiculously Depressed’

November 18, 2024 The Daily Hodl

Anthony Scaramucci

The founder of investment firm SkyBridge Capital says that crypto assets are now looking for their fair market prices after going through a depression phase. In a new interview with Bloomberg Television, hedge fund veteran and former White House Press Secretary Anthony Scaramucci says that digital asset prices have been depressed since the multibillion-dollar downfall […]

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BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report

November 17, 2024 The Daily Hodl

Bitcoin

A man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after assisting authorities with another high-profile crypto laundering case. According to a new report by Bloomberg, Larry Harmon – who pleaded guilty to running a crypto mixing service on the dark web in 2021 – has […]

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SEC Chair Gary Gensler Unlikely To Finish Term as President-Elect Trump Looking for Replacement: Report

November 17, 2024 The Daily Hodl

Daily Hodl

U.S. Securities and Exchange Commission Chair Gary Gensler will reportedly most likely resign before his term is over. Fox Business reporter Eleanor Terret says that President-Elect Donald Trump’s pick for a new SEC Chair is still unknown, but that Gensler will probably step down before the January inauguration rather than allow his term run til […]

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Four Republicans Pen Letter to SEC and FINRA, Say Regulators ‘Complicit’ in Perpetuating Confusion in Crypto

November 17, 2024 The Daily Hodl

Daily Hodl

Four Republican members of the U.S. House Committee on Financial Services are expressing concern over the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority’s (FINRA) stance on Prometheum Capital’s launch of Ethereum (ETH) custody services. In a letter addressed to SEC Chair Gary Gensler and FINRA President and CEO Robert Cooke, […]

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Prominent US Prosecutor’s Office To Reduce Focus on Crypto Cases, Says Top Official: Report

November 16, 2024 The Daily Hodl

crypto

A prominent US Attorney’s office reportedly plans to reduce its focus on crypto cases with Donald Trump headed back to the White House. On Thursday, Trump announced on Truth Social that he planned to nominate Jay Clayton as U.S. Attorney for the Southern District of New York. Clayton led the Securities and Exchange Commission (SEC) […]

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Crypto Prices Cool as Fed Chair Jerome Powell Strikes Ambiguous Tone on Future Monetary Policy Choices

November 16, 2024 The Daily Hodl

crypto

After nearly two weeks of explosive gains, crypto prices briefly cooled on Thursday and into Friday, possibly due to a speech delivered by U.S. Federal Reserve Chair Jerome Powell. Powell spoke in Dallas on Thursday and struck a somewhat ambiguous tone about future US monetary policy choices. He continued to emphasize that the Fed views […]

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Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

November 16, 2024 The Daily Hodl

Bitcoin

The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – […]

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