The initial December report separated its criteria for the treatment of crypto into two groups. Group one cryptos would meet the full set of classification conditions and would be subject to capital requirements. Group two cryptocurrencies that do not meet classification conditions, and so needs newly prescribed capital treatment.
Bankrupt Crypto Lender Cred’s Former Executives Indicted on Wire Fraud, Other Charges
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer,...