Category: LAW
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Go Directly to Jail. Do NOT Pass Go.
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SBF News Shocks the Justice System
https://apnews.com/article/bankmanfried-ftx-crypto-charges-ellison-60aa798f4aacb0ddd6a422b72e5a7614 FTX founder Sam Bankman-Fried will no longer face a campaign finance charge at an October criminal trial, federal prosecutors say, citing a decision by Bahamian authorities to reject a count in the indictment that was not listed on the warrant against him when he was extradited to the United States in December.
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Bitcoin ETF “WHEN NOT IF”
Michael Sonnenshein, CEO of Grayscale, discusses the possibility of BlackRock getting the first Bitcoin ETF and how it affects their plans. The CEO states that Grayscale has long been prepared for a marketplace with multiple Bitcoin ETFs, so they are focused on converting GBTC. He also mentions that they are awaiting an opinion from the…
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Genius, Bond Villain, or both?
OpenAI CEO Sam Altman believes that sustainable improvements in quality of life stem from scientific progress, but stresses the need to manage through the associated risks to achieve that. Implicitly responding to accusations of hypocrisy in support of regulation, Altman asserts that OpenAI supports regulation even in private meetings, and only protests burdensome regulation on small…
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Econ 101?
Senator Kennedy questions Federal Reserve Chairman Jerome Powell about inflation and capital requirements for banks. **Powell explains that we had very little inflation for 25 years** and that inflation depends on whether tax increases or spending cuts are part of a congressional budget plan. If there were no spending cuts, he believes there would be…
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6/21/23
https://finance.yahoo.com/news/powell-nearly-all-fed-members-expect-to-raise-rates-again-this-year-123006616.html Advanced economies like the US have had a head start on developing advanced industries, making it difficult for others to catch up. Europe, despite being primarily comprised of already advanced economies, lacks the innovative global companies compared to the US and even the new players coming from Asia, with exceptions like Germany and France,…
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BlackRock accepts BTC
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MSFT ATVI Blocked
https://www.reuters.com/legal/us-judge-temporarily-blocks-microsoft-acquisition-activision-2023-06-14/
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Trump in(dicted) Miami
https://www.youtube.com/watch?v=zWqJSDBV1Yw Donald Trump is expected to plead not guilty to 37 felony counts linked to owning classified documents related to national security as well as charges of conspiracy to obstruct justice and lying about it ahead of his first appearance in a courtroom in Miami. Trump met his lawyers yesterday close to the court, supposedly…