“Silvergate’s failure to take adequate notice of this scheme suggests that it may have failed to implement or maintain an effective anti-money laundering program, as required under the Bank Secrecy Act,” the Senators said.
~snip
Here is our regulator, SEC’s Gary Genslar, keeping an eye on cryto exchanges like FTX.”
Wasn’t SBF’s nerdy girlfriend’s father once Gary Gensler’s boss at MIT? Both her and SBF’s family are highly connected with the DNC and the regulatory agencies. I’m wondering if this scam was intentionally designed to not only finance the Dems, but to destroy the crypto market ahead of them coming out with a Central bank digital currency. This provides the excuse they needed to highly regulate crypto, and will probably result in many of these scam crypto exchanges going under.
Yes