Page 2 - Lee Reiners News Today

Crypto firms are rushing to get ahead of Capitol Hill scrutiny triggered by the attacks in Israel.

Hamas was an early adopter of using cryptocurrencies for financing.

NEW YORK — A year ago, Sam Bankman-Fried was a fixture on magazine covers and in the halls of Congress, a tousle-haired crypto billionaire who hobnobbed with movie stars and

New York Times: FTX founder symbolises everything that went wrong with the crypo industry.

The FTX founder’s uphill court battle starts this week, after he has come to symbolise everything that went wrong with the cryptocurrency industry.

"Sam Bankman-Fried’s trial will remind everyone in Congress about the risks that an unregulated crypto industry poses," said Sen. Elizabeth Warren.

"Sam Bankman-Fried’s trial will remind everyone in Congress about the risks that an unregulated crypto industry poses," said Sen. Elizabeth Warren.

The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.

On Tuesday, the founder of the failed FTX digital currency exchange is set to leave the jail where he has been confined for more than seven weeks and stand trial in a Manhattan courtroom on federal charges of fraud and money laundering, capping one of the largest and swiftest corporate collapses in decades.

Sam Bankman-Fried, the founder of the failed crypto exchange FTX, gets his day in court on Tuesday. The trial will shine a harsh glare on the wider sector.