Earlier on Wednesday, Circle CEO Jeremy Allaire wrote a public letter to Brown, Toomey, Rep. Maxine Waters (D-Calif.), who chairs the House Financial Services Committee, and Rep. Patrick McHenry (R-N.C.), the committee’s ranking member, urging them to pass stablecoin legislation quickly. Team Valhalla
Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.” Team Valhalla
Crypto advocates in Washington routinely maintain that crypto policy is a non-partisan issue that can move forward even in a divided Congress. However, this week’s rhetoric from Democrats such as Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, has painted a harsh picture of crypto...
So Enron created Chewco to bid on the CalPERS position. Chewco was nominally independent, but was in fact funded, owned and run by Enron and its executives, and ultimately backed by the value of Enron’s own stock through a secretly guaranteed bank loan. Chewco bought out CalPERS at...