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Manhattan US Attorney's Office Opens Probe Into FTX Collapse: Reuters
The investigation is one of several probes into the now-bankrupt company's operations.
Updated Nov 14, 2022, 4:25 p.m. Published Nov 14, 2022, 4:01 p.m. 1 min read
Prosecutors working with the Department of Justice’s Southern District of New York have launched a probe into implosion of crypto exchange FTX, a source told Reuters Monday.
Over the weekend, the Financial Crimes Investigation Branch of Bahamas announced a criminal investigation of FTX.
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‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate
JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.
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- JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the latest CLARITY Act draft could fail if lawmakers do not address banks’ concerns over stablecoin regulation on Friday.
- Dimon argued that the bill would let stablecoin issuers effectively pay interest on deposits without bank-style protections, predicting...
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