An equities trader at a large U.S. asset manager was criminally charged with using information about his employer’s trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said on Wednesday. Equities trader Lawrence Billimek, 51, ...Read More

New York regulators today released crypto rules for banks following the collapse of digital asset exchange FTX. The New York State Department of Financial Services (NYDFS) said Thursday that banks in the state must submit a business plan at least 90 days to the body before ...Read More

A trio of US lawmakers today introduced bipartisan, but drastic legislation to ban TikTok over claims the social media platform poses a national security threat. US Senator Marco Rubio (R-Fla.) announced the legislation, which is backed by a companion bill in the House from US Reps. ...Read More

Alameda Research ex-CEO Caroline Ellison has retained a former top cryptocurrency regulator for the US Securities and Exchange Commission as the federal investigation into the downfall of FTX continues. Bloomberg first reported that Ellison hired Stephanie Avakian, chair of the securities and financial services department at ...Read More

The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Curry, Naomi Osaka, Gisele Bundchen, Larry David and others in the bankruptcy of cryptocurrency ...Read More

U.S prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people. The Department of Justice has also discussed possible plea deals with Binance’s lawyers, the report added. Prosecutors in the U.S. Attorney’s Office ...Read More

While FTX founder Sam Bankman-Fried continues to make lawyers cringe every time he opens his mouth, US authorities are seeking information from investors and trading firms that worked closely with the company. According to Bloomberg, the US Attorney’s Office for the Southern District of New York (SDNY) ...Read More