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Ripple CTO Says Bitcoin Doesn’t Deliver on Its Main Pitch
Be your own bank? David Schwartz says that Bitcoin has failed to remove intermediaries

So these politicians who raise millions will cave in for FTX because of these donations?

Emmer and Gottheimer led the Blockchain Eight in donations from FTX with each receiving $11,600. FTX was in the top 15 of Emmer’s biggest donors in the 2022 cycle. Auchincloss received $6,800, and Budd and Torres received $2,900.

BREAKING: Congress members reportedly tried to stop the SEC’s inquiry into FTX, per the Prospect, with a March letter that questioned the SEC's authority to inquire about crypto & in part, FTX.

5 of the eight received campaign donations from FTX employees, from $2,900 to $11,600.

Congressmembers Tried to Stop the SEC’s Inquiry Into FTX
The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms.

SEC Letter

We have talked about Exchanges buying Banks - well, apparently, FTX bought a bank at 2x its valuation. Question from the article - why did the Fed Gov approve this?

Questions are being asked about how FTX got federal approval to buy its stake in Farmington. Banking veterans told the New York Times that it was hard to believe regulators would knowingly allow the crypto firm to do so.

FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just 3 employees, bankruptcy hearing shows
FTX’s investment was double the net worth of Farmington State Bank, the 26th-smallest bank in the US, which is based in a rural farming town.
Bitcoin receives official ban from New York state
Cryptocurrencies continue to have no easy life
Crypto’s Future Will Be Based on Self-Custody and Regulation: Kraken’s Dave Ripley
The incoming CEO discusses why the future of crypto will be based on proof of reserves and thoughtful regulation.
Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M
WonderFi, backed by Canadian billionaire Kevin O’Leary, is looking to increase its footprint in Canada with the acquisition of regulated crypto exchange Bitbuy.
SEC Chair Under US Congress Radar Over Celsius, Voyager, FTX Failures
Congressman Tom Emmer called out SEC Chair, Gary Gensler for his “indiscriminate and inconsistent” approach towards the crypto community.
FTX stake in US bank raises concerns about banking loopholes
FTX’s ownership in Moonstone is seen by some as a move to bypass the requirements of owning a banking license in the U.S.

Ripple Strikes Back – SEC WARS – T-shirt

The SEC dropped a lawsuit at the end of 2020 alleging that Ripple sold XRP as an unregistered security. Ripple Strikes Back. Game on Bitchez.

Get This T-Shirt