Regulators Tighten Crypto Rules as FTX Scandal Widens, NY Sues Gemini Over $1B Fraud
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Regulators like European Banking Authority, Basel Committee, and Hong Kong SFC introduced new guidelines for crypto assets.
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FTX's former counsel testified he was unaware of commingling between FTX and Alameda. Accounting analysis showed $9B gap between firms.
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Pennsylvania House dropped proposed 2-year crypto mining ban due to pressure from trade unions.
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New York AG sued Gemini, Genesis and DCG for allegedly defrauding $1B from investors through Gemini Earn program.
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Investigation found Gemini misled investors about risks of Genesis' lending operations behind Earn program.
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