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US CFTC’s Behnam Will Testify at FTX Hearing in Senate


Rostin Behnam, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), will testify at a Senate hearing next week set to examine the “lessons learned from the FTX collapse,” according to a listing on the Senate Agriculture Committee’s website

Brazilian Cryptocurrency Bill Resurfaces After General Ballot


The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be on the agenda for being discussed by the Chamber...

Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows


The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away...

White House, US Senators Call for Proper Crypto Oversight


The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday Americans, and this is something that clearly we monitor...

Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill


The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto...

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