The plan could result in the recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.
The defense team moved to bar one of the prosecution's proposed witnesses as well.
The agency ruled Impact Theory’s NFTs were sold as unregistered securities.
A judge had previously revoked bail for Bankman-Fried after he tried to tamper with witnesses. His lawyers argue that it is his constitutional right to have a fair chance to prepare for trial.
Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.
U.K. crypto firms have just days to comply with new anti-money laundering requirements – but they are seeking more guidance given patchy implementation of the controversial FATF rule between jurisdictions.
The firm’s new futures commission merchant status at the CFTC may undermine the other U.S. markets regulator – the SEC – and bolster the case for ether as a commodity.
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.
Crypto firms only need regulatory approval in one EU nation under new rules to serve all 27 in the single market – but some states are more prepared to implement MiCA regulation than others.
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today, including attorneys for Sam Bankman-Fried wanting to secure the FTX founder a "temporary release."