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Crypto is an important theme in the 2024 presidential race, influencing political funding and voter priorities. The influence and importance of crypto in U.S. elections have gained momentum in recent years, marking a new era in political funding and voter priorities. For the 2024 presidential elections, crypto is not just a fringe issue but one of the central themes in the political discourse. This trend is reflected in both the Democratic and Republican parties, where candidates have been actively advocating for crypto-related regulations and policies. President Biden signed an executive order to create a regulatory framework for digital assets, illustrating the bipartisan interest in the crypto market. Public interest in the crypto sector has surged, too, influenced by economic factors like inflation. A survey by Grayscale found that 73% of voters believe that presidential candidates should possess a well-informed viewpoint on new technologies like AI and crypto. 46% of voters a...

Once-lauded moments in Sam Bankman-Fried’s history have faded into the background as his legal battles took an unforeseen turn in a widely watched trial. SBF, the co-founder of FTX and a prominent figure in the cryptocurrency sector became embroiled in controversy, leading his attorney, David Mills, to openly express frustration and disappointment, labeling him the most challenging witness he has encountered. Former Glory and a Downfall Up until 2022, SBF reveled in a luxurious lifestyle, managing his business from a mansion in the Bahamas and accumulating a substantial net worth of $22.5 billion. Comparisons to the renowned investor Warren Buffett were not uncommon in the media. However, the onset of legal challenges thrust his once illustrious career into the spotlight, overshadowing his prior success. Mills’ Displeasure with SBF’s Cross-Examination David Mills, the legal strategist behind SBF’s defense, recently detailed the hurdles he confronted while re...

SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry. Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States.  On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled charges with Kraken over “failing to register the offer and sale of their crypto asset staking-as-a-service program,” which it claims is qualified as securities under its purview. Kraken agreed to settle the charges by paying $30 million in fines and to immediately cease the staking services to U.S. retail investors, though it would continue to be offered offshore. The move appears to have attracted the ire of not only the general crypto community, but also of investors, politicians, and industry executives. Cinneamhain Ventures partner and Ethereum bull, Adam Cochran called out SEC chie...

Crypto bank Silvergate is being investigated by the US Justice Department’s fraud unit for its dealings with FTX and its sister trading arm, Alameda Research.  The investigation is reviewing accounts tied up with both businesses, which have been widely accused of engaging in a multi-billion dollar fraud using FTX customer funds.  What Happened at Silvergate? As reported by Bloomberg on Thursday, the La Jolla, California-based bank hasn’t been accused of any wrongdoing, and investigations could end without any charges being laid. However, the probe comes off the back of a tense exchange between Silvergate and US congress, in which certain senators found Silvergate’s comments about its ties to FTX “evasive” and “incomplete.” Specifically, senators Elizabeth Warren, Roger Marshall, and John Kennedy sent a letter to Silvergate in December questioning to what extent the bank was involved in improperly moving FTX user funds to Alameda.  WoD Limited Genesis Edition. Join Now...