Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust
Given the scale of the damage from the bankruptcies of FTX, Celsius and Voyager, legal frameworks for the crypto industry could come next year.
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Congress
What we learned when Twitter whistleblower Mudge testified to Congress
A ticking bomb of security vulnerabilities. Covering up security failures. Duping regulators and misleading lawmakers. These are just some of the allegations when Twitter’s ex-security lead turned whistleblower, Peiter Zatko, testified to the Senate Judiciary Committee on Tuesday, less than a month after the release of his explosive whistleblower complaint filed with federal regulators. Zatko, […]
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Elon Musk taps the Twitter whistleblower for help getting out of the deal
With the Twitter trial date rapidly approaching, Elon Musk’s legal team sent a subpoena to former Twitter head of security Peiter “Mudge” Zatko, who filed a whistleblower complaint against the company that was made public last week. In the complaint, Zatko alleges that he witnessed “egregious deficiencies, negligence, willful ignorance, and threats to national security […]
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US SEC Chair Gensler reiterates crypto stance, frustrating those seeking clarity
Some say the lack of requirements for the crypto industry leaves platforms to innovate in the dark.
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SEC spears ‘Crypto Crusaders’ over alleged pyramid scheme
U.S. regulators are seizing their moment during this ongoing crypto bear market to crack down on bad actors in the space as many investors are already souring on the asset class. The U.S. Securities and Exchange Commission charged 11 people today in connection with Forsage, a crypto project that raised over $300 million from “millions […]
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CHIPS Act passes House on way to Biden signing
Following a strong showing of bipartisan support in the Senate, the CHIPS Act staved off last minute attempts by the GOP House leadership to derail its passage. Congress’ lower chamber approved the $280 billion bill by a vote of 243-to-187. Twenty-four House Republicans backed the act, which is destined for the desk of staunch proponent, […]
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The Dogefather sends his regards
Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on TechCrunch’s newsletter page. Dumping favor A weekly dispatch from the desk of TechCrunch crypto […]
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Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says
Stablecoins, CFTC oversight are among the first issues the U.S. Senate hopes to tackle in a bipartisan crypto bill.
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Dear Sophie: How can we transfer a candidate’s H-1B and green card?
My startup needs to hire an AI expert, and our top candidate is asking us to transfer her H-1B and green card to our company. Can we do it? Do we have additional options to retain her?
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FTX policy exec says its ‘priorities have not changed’ amid market madness
As the crypto markets continue to trend downward, the world’s second-largest crypto exchange, FTX, remains undeterred.
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