• A suite of crypto legislation passed the House Financial Services Committee this week.
• Sam Bankman-Fried surrendered Caroline Ellison’s personal writings to court.
• Alameda Research wants GBTC shareholders to join lawsuit against Grayscale.
Crypto Legislation Passes House Financial Services Committee
This week, a suite of crypto legislation passed the House Financial Services Committee. The suite of bills would provide much needed clarity on the legal status of cryptocurrencies and digital assets in the US, as well as create a framework for their regulation.
Sam Bankman-Fried Surrenders Personal Writings
Sam Bankman-Fried, CEO of FTX exchange, surrendered Caroline Ellison’s personal writings to court this week. This comes after Ellison filed a lawsuit against FTX alleging defamation and malicious prosecution.
Ritchie Torres Criticizes SEC Appointment
Democratic congressman Ritchie Torres took aim at Gary Gensler’s appointment as chair of the Securities and Exchange Commission (SEC). He called Gensler’s appointment “arbitrary and capricious”, noting that it did not go through proper congressional approval processes or undergo public scrutiny.
Jason Lowrey’s Book Removed from Circulation
Jason Lowrey’s book on the strategic significance of Bitcoin has been removed from circulation and MIT library for unknown reasons. This news has come as something of a surprise given its popularity among cryptocurrency enthusiasts and industry observers alike.
Alameda Research Wants GBTC Shareholders to Join Lawsuit Against Grayscale
Alameda Research is soliciting support from claimants holding 10% of Grayscale’s Bitcoin Trust (GBTC) shares in its ongoing lawsuit against Grayscale Investment Management Company and its parent firm Digital Currency Group (DCG). The firm is looking to file an amended complaint which includes additional plaintiffs who own a minimum of 10% of outstanding shares in its BTC Trust.