US

US Senators Demand Sam Bankman-Fried, FTX Execs Be Held Accountable to 'Fullest Extent of the Law’
Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) said in a Wednesday letter to Attorney General Merrick Garland they want Sam Bankman-Fried and others investigated.

Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
The U.S. CFTC had previously taken legal action against the man.

House Subcommittee Chair Calls for Documents as Part of FTX Collapse Probe
Rep. Raja Krishnamoorthi (D-Ill.) is chairman of the Subcommittee on Economic and Consumer Policy.

Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
Court-appointed liquidators in the Bahamas are seeking to halt asset sales while the complex enterprise is wound up.

Circle CEO Calls for Clear US Laws on Stablecoins to 'Unleash' Their Potential
In a letter to lawmakers, Jeremy Allaire said inaction will "stunt America's voice."

FTX’s Bahamas Arm Files for Bankruptcy Protection in US
The move on behalf of FTX.com, based in the Caribbean, is the latest legal move in the crypto exchange’s collapse.

FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report
The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse
After a whirlwind election week dogged by crypto market madness, the industry's regulatory future in the U.S. is in the hands of a divided government.

SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation
“Having the SEC and CFTC work together makes a lot of sense,” Peirce told CoinDesk TV.

Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October
Taking a break from the panicky action this week, bitcoin rose following the sizable slowdown in inflation.

