amelixiao8

@amelixiao8

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United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.

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From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.

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The composition of both chambers could affect legislation in 2025 on how to regulate crypto in the US through proposed bills like the Financial Innovation and Technology for the 21st Century Act (FIT21).

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In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.

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Roughly a year after US Treasury officials added addresses associated with the cryptocurrency mixer Tornado Cash to the department’s list of sanctioned entities, authorities arrested Tornado Cash co-founder Roman Storm on money-laundering charges.

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Ellison spent her New Year’s at the Federal Correctional Institution in Danbury, Connecticut, which houses male and female inmates. In one of his last acts as a free man before reporting to prison on Oct. 11, Salame changed his LinkedIn profile to state he was “starting a new position” as an inmate at the Federal Correctional Institution in Cumberland.

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SBF’s one-time girlfriend, Alameda Research ex-CEO Caroline Ellison, and former FTX Digital Markets co-CEO Ryan Saboth pleaded guilty to fraud charges related to the collapse of the crypto exchange. They were sentenced to two years and seven-and-a-half years, respectively, though the US Bureau of Prisons has listed Salame’s release date as 2031.

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After a judge sentenced Bankman-Fried to 25 years, he was remanded to the Metropolitan Detention Center in Brooklyn to assist in his appeal. Jan. 1, 2025, marked the first New Year’s Day SBF spent in prison as a convicted and sentenced felon, and he isn’t alone.

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After a lengthy extradition process from the Bahamas, former FTX CEO Sam “SBF” Bankman-Fried was moved to United States custody and initially released on bond. He was held in a correctional facility after a federal judge revoked his bail in August 2023, prior to his criminal trial, conviction and sentencing.

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Roughly a year after US Treasury officials added addresses associated with the cryptocurrency mixer Tornado Cash to the department’s list of sanctioned entities, authorities arrested Tornado Cash co-founder Roman Storm on money-laundering charges.

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8 recasts

14 reactions

amelixiao8 pfp

Ellison spent her New Year’s at the Federal Correctional Institution in Danbury, Connecticut, which houses male and female inmates. In one of his last acts as a free man before reporting to prison on Oct. 11, Salame changed his LinkedIn profile to state he was “starting a new position” as an inmate at the Federal Correctional Institution in Cumberland.

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14 reactions

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SBF’s one-time girlfriend, Alameda Research ex-CEO Caroline Ellison, and former FTX Digital Markets co-CEO Ryan Saboth pleaded guilty to fraud charges related to the collapse of the crypto exchange. They were sentenced to two years and seven-and-a-half years, respectively, though the US Bureau of Prisons has listed Salame’s release date as 2031.

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After a judge sentenced Bankman-Fried to 25 years, he was remanded to the Metropolitan Detention Center in Brooklyn to assist in his appeal. Jan. 1, 2025, marked the first New Year’s Day SBF spent in prison as a convicted and sentenced felon, and he isn’t alone.

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After a lengthy extradition process from the Bahamas, former FTX CEO Sam “SBF” Bankman-Fried was moved to United States custody and initially released on bond. He was held in a correctional facility after a federal judge revoked his bail in August 2023, prior to his criminal trial, conviction and sentencing.

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Deutsche Bank’s solution curates trusted validators and grants regulators special oversight to minimize risks such as interacting with sanctioned entities. The platform is designed to align blockchain transparency with financial compliance requirements.

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Project Dama 2 is part of the Monetary Authority of Singapore’s Project Guardian, which brings together 24 financial institutions to explore blockchain-based asset tokenization.

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The L2 solution, part of Project Dama 2, looks to improve transaction efficiency and secure regulatory safeguards, integrating directly with Ethereum, according to Bloomberg.

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Deutsche Bank, Germany’s largest lender, is reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology to address compliance challenges associated with using public blockchains in regulated finance.

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In a written statement to Cointelegraph, a Crypto.com spokesperson said the exchange dismissed the lawsuit to highlight its “intent to work with the incoming administration on a regulatory framework for the industry.”

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