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Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing PowerAccording to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking OverFollowing recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe