The proposal is led by DFS Superintendent Adrienne Harris, who is looking for public feedback on the move as the regulator looks to gain further oversight controls.

The Japanese subsidiary is one of 134 companies caught up in FTX’s bankruptcy proceedings but has been drafting a plan to return client funds.

CFTC Chairman Rostin Behnam appeared before the Senate Agriculture Committee to talk about how FTX’s collapse occurred and how it could have been prevented.

Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi’s future among market dynamics, cyberattacks and regulatory uncertainty.

The Digital Dollar Project and the Depository Trust & Clearing Corporation have trialed a potential settlement system using tokenized securities and central bank digital currencies.

According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.”

Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.

“Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje.

Congress should start by addressing what cryptocurrencies are securities and what are commodities.

The firm’s revenue increased by 25.25% to $497.2 million in the first nine months of 2022.