November 14, 2024

The FTX saga continues to unfold as co-founder Gary Wang faces sentencing on November 20 for his role in the exchange’s collapse. Wang has been cooperating with US authorities, providing significant assistance in the investigation and prosecution of Sam Bankman-Fried and other cases. Prosecutors have filed a brief alleging that Wang’s testimony was truthful and…

18 Republican Attorneys General have filed a lawsuit against the United States Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, accusing them of "unconstitutional overreach" and "unfair persecution" of the cryptocurrency industry. This move comes amidst growing scrutiny of Gensler’s leadership and speculation about his potential resignation. The lawsuit alleges that the SEC,…