“Cryptocurrency was supposed to break from the traditional financial system, and all of its fragility and vulnerabilities,” said Goldsmith Romero, who occupies one of the Democratic seats on the five-person commission that oversees derivatives trading. “However, this spring, unregulated crypto markets revealed their vulnerabilities to similar financial stability risks as traditional finance, with parallel themes from the 2008 financial crisis.”
SBF Returns to New York Courthouse for Sentencing in FTX Fraud Case
Defense lawyers argued, on the other hand, that Bankman-Fried didn't intend to defraud customers, had shown remorse and had attempted...