FTX Case May Bring SEC One Step Closer To Banning Crypto Exchanges
The Securities and Exchange Commission (SEC) appears to be compiling legal ammunition to take on the beating heart of the global crypto economy: centralized crypto exchanges.
On Wednesday, the SEC announced charges against two key allies of disgraced FTX founder Sam Bankman-Fried: Caroline Ellison, former CEO of FTX’s affiliate trading firm Alameda Research, and Gary Wang, an FTX co-founder. And the agency’s unfolding case against FTX reveals arguments that could further that strategy.
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