Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha Bell; Avanti CTO Bryan Bishop; Trader at Grapefruit trading Joe Keefer; President of Baton Systems Jerome Kemp; VP and Deputy General Counsel at Robinhood Lucas Moskowiz; Global … [Read more...] about FTX US Derivatives Names Former LedgerX Chairman Larry Thompson as Board Chair
Chairman
SEC Chairman Gary Gensler Hires Senate Banking Aide to Advise on Crypto Policy
According to a source familiar with the Senate Banking Committee, Frayer spearheaded crypto policy for Brown – who has been outspoken about his concerns about the risks cryptocurrencies could pose to investors, calling blockchain a “shady diffuse network of online funny money” at a hearing in July – and other top-ranking Democrats. Source link … [Read more...] about SEC Chairman Gary Gensler Hires Senate Banking Aide to Advise on Crypto Policy
Market Wrap: Cryptocurrencies Fade on News That Powell Will Be Renominated as Fed Chairman
Bitcoin traded lower on Monday after buyers failed to sustain a weekend rally toward $60,000. The cryptocurrency was trading at around $56,000 at press time and is down about 5% over the past 24 hours.Equities and cryptocurrencies initially ticked higher earlier during New York trading hours after U.S. President Joe Biden said he will renominate Federal Reserve Chairman Jerome … [Read more...] about Market Wrap: Cryptocurrencies Fade on News That Powell Will Be Renominated as Fed Chairman
CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chairman Says
“Given the size, the scope and the scale of this emerging market, how its interfacing and affecting customers, retail customers, and then with the scale of the growth being so rapid, potential financial stability risks in the future, I think it’s critically important to have a primary cop on the beat and certainly the CFTC is prepared to do that if this committee so wishes,” … [Read more...] about CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chairman Says
U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says
Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing … [Read more...] about U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says