Former FTX Exec sentenced to 7.5 years of prison
US District Judge Robert Shelby ordered the SEC to pay over $1.8 million in fees due to its temporary restraining order against the crypto project Debt Box and also allowed the SEC to refile the case. Additionally, US District Judge Lewis Kaplan sentenced former FTX executive Ryan Salame to 7.5 years in prison for fraud involving illegal bank transfers and campaign contributions for Sam Bankman-Fried. Meanwhile, the New York Stock Exchange is collaborating with CoinDesk Indices to launch financial products that track the spot prices of Bitcoin.
The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:
US
Rep. French Hill discusses digital asset topics in interview
Rep. French Hill (R-AR) discussed a range of digital asset topics in an interview with Blockchain Tipsheet, including SEC approval of ETH ETFs, the resolution to overturn SEC SAB 121, and the FIT for the 21st Century Act (FIT 21).
Judge orders SEC to pay $1.8 Million in attorney fees over Debt Box case
US District Judge Robert Shelby ordered the SEC to pay more than $1.8 million in attorney and receiver fees arising from its allegedly ill-gotten temporary restraining order against crypto project Debt Box. Judge Shelby also granted the SEC’s motion to dismiss the case without prejudice, allowing the SEC the opportunity to refile.
Ex-FTX Executive Ryan Salame sentenced to 7.5 years for fraud
US District Judge Lewis Kaplan sentenced former FTX executive Ryan Salame to 7.5 years in prison for duping a bank to authorize $1.5 billion of illegal transfers and making fraudulent campaign contributions for Sam Bankman-Fried.
IOSCO Board reelects CFTC Chair Rostin Behnam as Vice Chair
The Board of the International Organization of Securities Commissions (IOSCO) reelected CFTC Chair Rostin Behnam as Vice Chair for the 2024-2026 term.
NY Attorney General Letitia James vows to pursue Law-Breaking Crypto Firms
New York Attorney General Letitia James warned in a post on X that she will go after crypto companies that act in violation of the law.
NYSE and CoinDesk Indices to Launch Financial Products Tracking BTC
The New York Stock Exchange announced that it is collaborating with CoinDesk Indices to launch financial products tracking spot BTC prices.
EU/UK
EU Official Calls for Harmonized Crypto Regulations Across Europe
Helene Bussieres, Deputy Heady of the European Commission’s Asset Management Unit, said at a conference that Europe must change the rules on crypto to ensure a harmonized approach across the continent.