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CFTC Chair Says Bitcoin Could ‘Double in Price’ Under Agency’s Regulation; Do Kwon Developments
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin (BTC). Plus, Terraform Labs said South Korean prosecutors overextended their authority in seeking a warrant for the arrest of CEO Do Kwon, according to a report in the Wall Street Journal, citing a statement sent by Terraform.
Kraken’s Incoming CEO on Crypto Regulation Outlook, Market Turbulence
Incoming Kraken CEO Dave Ripley joins “The Hash” panel to discuss the crypto platform’s leadership plan, as Ripley gears up to succeed co-founder Jesse Powell, who will become chairman of the board of directors.
Celsius CEO, FTX.US President Step Down; FTX Wins Auction for Voyager Digital’s Assets
Alex Mashinsky, the CEO of bankrupt crypto lender Celsius Network, is stepping down. A press release detailing his resignation letter notes Mashinsky regrets that his continued role as CEO “has become an increasing distraction.” Plus, Voyager Digital announces FTX.US is selected “as the highest and best bidder” for its assets.
Do Kwon Faces Reported Red Notice From Interpol; Disney’s Crypto Interest Appears to Be Growing
Interpol has issued a red notice for Terraform Labs co-founder Do Kwon, according to Bloomberg. Plus, Disney’s interest in the crypto sector appears to be growing, as the entertainment giant posts a job listing looking for an “experienced corporate attorney to work on transactions involving emerging technologies, including NFTs.”
Celsius Network Might Turn its Debt Into Crypto ‘IOU’ Tokens; Crypto Mining Woes Linger
Bankrupt crypto lender Celsius Network appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. Plus, what Compute North’s bankruptcy filing means for giants like Marathon Digital, as a BTIG analyst downgrades the stock from buy to neutral.