[ad_1] <br><div><!----> <!----> <div class="featured featured-video video-ct"><div class="contain"> <div class="info"><div class="caption"> <p>Brown Rudnick accomplice Hailey Lennon discusses the potential regulatory holes dropped at gentle by FTX's collapse and lawmakers' push for elevated crypto rules.</p></div></div></div></div> <p>Republicans on the Home Monetary Companies Committee introduced Thursday that they're launching a brand new <a target="_blank" href="https://www.foxbusiness.com/category/cryptocurrency" rel="noopener">subcommittee on cryptocurrency</a> after a troubled yr for the trade. </p> <p>Rep. French Hill, R-Ark., will function the inaugural chairman of the Subcommittee on Digital Belongings, Monetary Know-how and Inclusion. </p><p>"At a time of main <a target="_blank" href="https://www.foxbusiness.com/technology" rel="noopener">technological advancement</a> and alter within the monetary sector, it's our job to work throughout the aisle and promote accountable innovation whereas encouraging FinTech innovation to flourish safely and successfully in the US," Hill stated in an announcement. </p> <div class="inline image-ct"><div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/343/192/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/686/384/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/672/378/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/1344/756/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/931/523/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/1862/1046/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/720/405/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/1440/810/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/06/931/523/CRYPTO-MARKETS-GETTY.jpg?ve=1&amp;tl=1" alt="Cryptocurrency coins on a stock market graph background"/></source></source></source></source></picture></div> <div class="caption"><p><span>An illustration image reveals gold plated memento cryptocurrencies.</span><span> (JUSTIN TALLIS/AFP through Getty Pictures / Getty Pictures)</span></p></div></div><p>The brand new panel's obligations will embody offering directives to <a target="_blank" href="https://www.foxbusiness.com/category/fox-news-regulation" rel="noopener">federal regulators</a> who oversee the burgeoning trade and cultivating insurance policies to achieve underserved communities, in accordance with Hill. </p> <p><a target="_blank" href="https://www.foxbusiness.com/technology/associates-ftx-founder-sam-bankman-fried-plead-guilty-wire-fraud-other-charges-filed-sec" rel="noopener"><strong><u>ASSOCIATES OF FTX FOUNDER SAM BANKMAN-FRIED PLEAD GUILTY TO WIRE FRAUD, OTHER CHARGES FILED BY SEC</u></strong></a></p><p>Some lawmakers and regulators have been clamoring for extra oversight of the digital asset trade after a yr that noticed the implosion of FTX, which was as soon as the second-largest alternate on the earth. </p><div class="inline image-ct"><div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/343/192/sam-bankman-fried.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/686/384/sam-bankman-fried.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/672/378/sam-bankman-fried.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/1344/756/sam-bankman-fried.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/931/523/sam-bankman-fried.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/1862/1046/sam-bankman-fried.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/720/405/sam-bankman-fried.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/1440/810/sam-bankman-fried.jpg?ve=1&amp;tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/01/931/523/sam-bankman-fried.jpg?ve=1&amp;tl=1" alt="FTX founder Sam Bankman-Fried"/></source></source></source></source></picture></div> <div class="caption"><p><span>Former FTX chief government Sam Bankman-Fried arrives to enter a plea earlier than US District Choose Lewis Kaplan within the Manhattan federal courtroom, New York, January 3, 2023.</span><span> (Ed Jones/AFP through Getty Pictures / Getty Pictures)</span></p></div></div><p><a target="_blank" href="https://www.foxbusiness.com/markets/sam-bankman-fried-defends-himself-online-post-i-didnt-steal-funds" rel="noopener">Sam Bankman-Fried</a>, FTX's founder and former CEO, was arrested final month and pleaded not responsible to fraud, cash laundering, and marketing campaign finance violations. </p><p><a target="_blank" href="http://foxbusiness.com/" rel="noopener"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS</u></strong></a><strong>      </strong></p><p>Cryptocurrencies additionally plummeted throughout the board final yr. Bitcoin, the biggest cryptocurrency by market capitalization, dropped under $20,000 by the tip off 2022 and misplaced greater than 60% of its worth. </p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMigQFodHRwczovL3d3dy5mb3hidXNpbmVzcy5jb20vcG9saXRpY3MvaG91c2UtcmVwdWJsaWNhbnMtbGF1bmNoaW5nLWRpZ2l0YWwtYXNzZXQtc3ViY29tbWl0dGVlLXRyb3VibGVkLXllYXItY3J5cHRvY3VycmVuY3ktaW5kdXN0cnnSAYUBaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL3BvbGl0aWNzL2hvdXNlLXJlcHVibGljYW5zLWxhdW5jaGluZy1kaWdpdGFsLWFzc2V0LXN1YmNvbW1pdHRlZS10cm91YmxlZC15ZWFyLWNyeXB0b2N1cnJlbmN5LWluZHVzdHJ5LmFtcA?oc=5">Source link </a>