Bankman-Fried's trial exposed crypto fraud but Congress has not been eager to regulate the industry

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PALM SPRINGS, Calif. (AP) — The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is...

for stealing at least $10 billion from customers and investors is the latest black mark for the cryptocurrency industry, but in Washington, there seems to be little to no interest in pushing through regulation., Congress considered multiple approaches for how to regulate the industry in the future.

And most recently PayPal received a subpoena from the SEC related to its PayPal USD stablecoin, the company said inWednesday. “The subpoena requests the production of documents,” the company said. "We are cooperating with the SEC in connection with this request."to hand over the regulatory authority over cryptocurrencies bitcoin and ether to the Commodities Futures Trading Commission. Stabenow and Boozman lead the Senate Agriculture Committee, which has authority over the CTFC.

“Moreover, almost everything the crypto industry does is clearly covered by existing securities and commodities laws that every other law-abiding financial firm in the country follow," he said. Rep. Chellie Pingree cleared up "a couple of things" with Greene after the Republican said Democrats were trying to "erase our history."Kristy Greenberg explained why the former president's son "can't have it both ways" with his civil fraud trial testimony.

EDMONTON — The Alberta government is proposing changes to the Public Health Act to allow politicians to make final decisions in public health emergencies. Justice Minister Mickey Amery says elected officials have a responsibility to act in the best interest of Albertans and the amended legislation would make sure they can make decisions.

 

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