• The SEC has been accused of prioritizing “power and politics” over “sound policy” by Ripple CEO Brad Garlinghouse.
• Court documents allege that BlockFi CEO neglected warnings about FTX prior to its collapse.
• Binance has laid off 1,000+ employees in recent weeks and BlackRock’s CEO Larry Fink explains its approach to crypto.
Allegations Against the SEC
Ripple CEO Brad Garlinghouse believes the U.S Securities and Exchange Commission (SEC) has been bullying small crypto players and sowing confusion in the market, rather than providing clear rules for digital assets. He remarked that the SEC knew there was confusion and actually did things that would increase it, for their own benefit.
BlockFi Neglects Warnings
Court documents allege that BlockFi CEO neglected warnings about FTX prior to its collapse. It is yet unclear exactly what information the company received or ignored.
Binance Lays Off Employees
Binance has quietly laid off 1,000 or more employees in recent weeks; may slash workforce by up to 30%: WSJ Alex Mashinsky out on $40M bail; ‘vehemently’ denies fraud charges
Larry Fink unpacks BlackRock’s approach to crypto, saying it can “transcend any one currency” with a focus on understanding how businesses are using blockchain technology and incorporating these insights into their investment strategies.
Mysterious Stakeholder Intervenes
A mysterious self-proclaimed Binance stakeholder known as „Eeon“ is seeking to intervene in the SEC’s suit against the exchange. It remains unclear who this individual actually is or what their motivations are for intervening in this case.