Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.
The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow.
Crypto lawyer John Deaton cited several instances where major crypto players, such as Coinbase, reached out to the SEC for regulatory clarification before listing XRP, but didn’t face any objection.
According to a judge's order, SBF will be allowed access to one laptop and “WiFi device” for roughly seven hours while meeting with counsel in a courthouse cell block attorney room.
The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks.