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U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO


The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors' ability to find safe harbors...

Biggest Crypto Gainers Today on DEXTools – GMAC, TIA, TRUMP


Major blue-chip cryptocurrencies are consolidating within recent intra-day ranges as traders keep their powder dry ahead of Wednesday’s key US Federal Reserve policy announcement. Bitcoin (BTC) was last moving sideways in the $34,200s, around the mid-point of its recent $33,400-$35,200ish...

Sam Bankman-Fried Needs Better Answers on the Stand


There was a moment on Monday where an assistant U.S. attorney needed to ask FTX founder Sam Bankman-Fried if he was the chairman and sole board member of Alameda Research, while showing him a document that he signed, which literally identified him as the chairman and sole board member. And Sam's...

Bankman-Fried Had a Hairy Day in Court


An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t

Sam Bankman-Fried Implied His Friends Lied About His Role in FTX's Collapse


Sam didn't do it. He didn't defraud anyone, he didn't steal customer funds – he just built a company which "turned out basically the opposite" of the product he envisioned when he founded FTX: "A lot of people got hurt – customers, employees – and the company ended up in bankruptcy." At least...

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