• News
    • Bitcoin
    • Altcoins
  • Blockchain
  • NFT
  • Metaverse
  • Regulation
  • Learn
  • Market Cap
What's Hot

Analysts Reveal Forecasts For October As BTC Price Pushes Past $28,000

2023-10-02

Bitcoin jumps above $28k for the first time since August 2023

2023-10-02

Bitcoin Price Skyrockets Past $28,000, Here’s Why

2023-10-02
Facebook Twitter Instagram
Top Coin Spot
  • News
    • Bitcoin
    • Altcoins
  • Blockchain

    peaq & Fetch.ai Unveil Multi-Chain IDs for Vehicles & Devices on Polkadot-Cosmos Ecosystems

    2023-06-13

    Taiwan Mobile Considers Partnerships with Local Cryptocurrency Platforms

    2023-06-13

    Biconomy Collaborates with SPACE ID to Support Withdrawals to Domain Names .arb and .bnb

    2023-06-13

    BNB Chain Deploys BEP-126 Update to Enhance Security and Reliability

    2023-06-13

    PawChain Sets to Revolutionize Blockchain Utilities

    2023-06-12
  • NFT

    Animoca Brands to Create Web3 Digital ID System

    2023-09-12

    Generative AI Could Make Government Mechanism Less Annoying

    2023-09-12

    Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

    2023-09-11

    Exploring Communion In Collaboration with AI

    2023-09-09

    Christie’s Honors Keith Haring at The Gateway: Korea

    2023-09-09
  • Metaverse

    Mark Zuckerberg’s Vision for Remote Work: Meta’s Headsets and the Future of Work

    2023-10-01

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-29

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25
  • Regulation
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    Who Is Satoshi Nakamoto? Mysterious Bitcoin Founder

    2023-09-25

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18
  • Market Cap
Top Coin Spot
Home»Regulation»California regulators to investigate FTX crypto exchange collapse
Regulation

California regulators to investigate FTX crypto exchange collapse

2022-11-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Division of Monetary Safety and Innovation (DFPI) within the state of California announced on Nov. 10 that it’ll open up an investigation as to the “obvious failure” of the cryptocurrency trade FTX. 

California regulators mentioned within the announcement that the DFPI takes this oversight duty “very critically” and that the division expects all entities providing monetary companies within the state to adjust to native monetary legal guidelines.

It additionally inspired anybody within the state who has been affected by the occasions of the continued FTX saga, to name a devoted hotline. 

The state of California is one among many governmental actors inside the USA to just lately converse out on the matter, even supposing FTX claims its U.S. department just isn’t concerned within the incidents.

Sam Bankman-Fried, the founding father of FTX, tweeted a 22-tweet thread through which he reiterated a number of occasions that FTX US is a distinct entity than the worldwide one dealing with the turmoil.

19) Just a few different assorted feedback:

This was about FTX Worldwide. FTX US, the US primarily based trade that accepts People, was not financially impacted by this shitshow.

It is 100% liquid. Each consumer may absolutely withdraw (modulo fuel charges and so forth).

Updates on its future coming.

— SBF (@SBF_FTX) November 10, 2022

Nonetheless, afterward Nov. 10, FTX US introduced it’d halt buying and selling on the platform within the upcoming days. At the moment on the U.S. web site, it states “withdrawals are and can stay open.”

Associated: FTX turmoil will increase scrutiny of trade, one thing institutional traders have been ready for

incident as a mechanism to name for extra rules on the crypto trade.

See also  Signature Bank Chairman Avoiding Responsibility in $110,000,000,000 Collapse: Senator Cynthia Lummis

On Nov. 10, Maxine Waters, the chair of the USA Home of Representatives Monetary Companies Committee, known as for tighter trade rules and highlighted that FTX tokens are “nugatory” and its clients are at midnight.

The identical day noticed White Home press secretary Karine Jean-Pierre make a press release saying the administration will “intently monitor” exercise within the crypto area. Furthermore, the “current information” underscores the necessity for “prudent regulation” of cryptocurrencies.

U.S. Senators Debbie Stabenow and John Boozman reiterated their dedication to ending and publishing an upcoming crypto invoice in gentle of the information, additionally citing the incident.

Whereas all of this was underway, FTX US resigned from the Crypto Council for Innovation.

Source link

California Collapse Crypto Exchange FTX investigate regulators
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Kenyan authorities claim Worldcoin’s activities amount to ‘espionage’

2023-10-01

Crypto Analyst Tips Bitcoin (BTC) To Reach $40,000 In Q4 2023

2023-10-01

Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX

2023-10-01

Coinbase CEO Brian Armstrong Says the US Needs Crypto Regulatory Clarity To Maintain the Dollar-Based Soft Power

2023-09-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Congressman Sherman accuses ‘billionaire crypto bros’ of impeding crypto-regulations

2022-11-14

BTC traders remain optimistic despite its mediocre action on this front

2023-08-01

Avalanche [AVAX] may gain investor confidence, thanks to the positive growth in these areas

2023-04-30

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Analysts Reveal Forecasts For October As BTC Price Pushes Past $28,000

2023-10-02

Bitcoin jumps above $28k for the first time since August 2023

2023-10-02

Bitcoin Price Skyrockets Past $28,000, Here’s Why

2023-10-02
Get Informed

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Topcoinspots.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,993.003.16%
  • ethereumEthereum(ETH)$1,686.180.32%
  • USDEXUSDEX(USDEX)$1.080.18%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$216.580.62%
  • rippleXRP(XRP)$0.520.27%
  • usd-coinUSDC(USDC)$1.000.06%
  • staked-etherLido Staked Ether(STETH)$1,686.240.24%
  • solanaSolana(SOL)$24.016.15%
  • cardanoCardano(ADA)$0.2643401.86%