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Fintech

Sam Bankman-Fried, founder and former CEO of FTX, and other employees contributed $71.5 million to campaigns and political action committees in the 2022 midterm cycle. Bankman-Fried pleaded not guilty to fraud and other criminal charges.

After a year of collapses, cryptocurrency’s future in the balance

By Sarah Wynn
Posted January 4, 2023 at 7:00am
FTX founder Sam Bankman-Fried was arrested in the Bahamas Monday. He and others at FTX spent or donated more than $70 million in the 2022 campaign cycle.

Bankman-Fried made Agriculture panel members focus of campaign support

By Caitlin Reilly
Posted December 16, 2022 at 11:25am
John Ray III, the CEO of FTX since its collapse, told lawmakers the company was "uniquely positioned to fail" because it had "no record-keeping whatsoever."

House Financial Services presses FTX CEO on crypto’s regulatory needs

By Caitlin Reilly
Posted December 13, 2022 at 2:18pm
Sam Bankman-Fried, former CEO of FTX, testifies at a House Financial Services Committee hearing in December 2021.

US unseals fraud and conspiracy charges against Bankman-Fried

By Caitlin Reilly
Posted December 13, 2022 at 11:28am
Rep. Cathy McMorris Rodgers, R-Wash., expected to become chair of House Energy and Commerce next year, is expected to give greater scrutiny to the FCC's and NTIA's wireless spectrum allocations.

Lawmakers will face familiar technology issues next Congress

By Gopal Ratnam
Posted December 13, 2022 at 7:00am
House Financial Services Chair Maxine Waters, D-Calif, right, and ranking member Patrick McHenry, R-N.C., were expecting to hear testimony Tuesday from Bankman-Fried about the collapse of FTX.

US files charges against FTX’s Bankman-Fried, who is arrested in Bahamas

By Caitlin Reilly
Posted December 12, 2022 at 8:14pm
The U.S. was able to recover the bulk of the 120,000 bitcoins hackers stole from Bitfinex in 2016.

Overshadowed by failures, crypto hacking exacts higher price

By Peter Feltman
Posted December 6, 2022 at 7:00am
Senate Banking Chairman Sherrod Brown has said cryptocurrency legislation backed by Senate Agriculture leaders is too favorable to the industry.

Senate Banking Democrats plan bigger role in crypto legislation

By Caitlin Reilly
Posted December 5, 2022 at 4:54pm
Rostin Behnam, chairman of the Commodity Futures Trading Commission, testifies to the Senate Agriculture Committee on Thursday.

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

By Caitlin Reilly
Posted December 1, 2022 at 3:23pm
A bill from House Financial Services ranking member Patrick T. McHenry would require the SEC and CFTC to form a joint working group to assess the state of cryptocurrency regulation and make recommendations.

As FTX burned, lawmakers said to be dithering over regulator

By Caitlin Reilly
Posted November 29, 2022 at 7:00am