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- 26-09-2024
26-09-2024
Fernando Fierro
September 26, 2024
Howdy folks,
đź’Ąđź’Ľ Both US political parties are eyeing crypto voters, with figures like Kamala Harris and Donald Trump taking distinct stances. Harris, initially rated as "somewhat supports crypto" by Stand With Crypto (SWC), sparked backlash leading to a rating revision, making it harder for politicians to get graded without frequent pro-crypto statements.
This underscores the political tug-of-war over digital assets and the uncertain future for crypto policy.
In other news:
🚨🔥 SEC Chair Gary Gensler stands firm on SAB 121, sparking backlash from lawmakers and the crypto community. Despite accusations of overreach and harmful impacts from Congressmen Wiley Nickel and Tom Emmer, Gensler maintains the rule is essential for mitigating the risks of digital assets.
Critics argue SAB 121 hampers innovation and unfairly strengthens larger players.
🔒⚖️ Caroline Ellison, former Alameda CEO and key player in the FTX fraud scandal, has been sentenced to two years in prison followed by three years of probation. Her cooperation with prosecutors significantly helped uncover Sam Bankman-Fried's (SBF) extensive misconduct, influencing the court's leniency.
Nevertheless, industry insiders continue to question her comparatively shorter sentence, especially with SBF facing 25 years.
💰🔄 Mt. Gox is making headlines with significant Bitcoin (BTC) movements, rekindling hopes among creditors. Recently, the exchange transferred assets worth approximately $370,000 in BTC, following a massive shuffle of $782 million in August.
With a total of 44,899 BTC still in its reserves, valued at around $2.85 billion, creditors are eagerly awaiting further distributions.
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