U.S. Congressman Labels Crypto Industry 'Garden of Snakes'

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Congressman Brad Sherman delivered a scathing assessment of the cryptocurrency industry in the wake of FTX founder Sam Bankman-Fried's fraud conviction

The incendiary comments followed the recent conviction of cryptocurrency exchange FTX founder Sam Bankman-Fried, on fraud charges. Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been found guilty on all seven criminal fraud counts brought against him. The dramatic end to a monthlong trial that captivated the financial world saw Bankman-Fried convicted of wire fraud, securities fraud, commodities fraud, and conspiracy to commit money laundering.

Ripple Provides Major Update on XRP Case v. SEC, Binance Delists SHIB, LUNA, ADA Trading Pairs; Important Alert Issued as XRPL Sidechain Goes Live: Crypto News Digest by U.Today

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines