The post All that went down on Christmas – Cryptopolitan appeared on BitcoinEthereumNews.com.

As the world was busy unwrapping gifts and munching on Christmas treats, the crypto universe was witnessing its own drama unfold, dotted with legal twists, regulatory deadlines, and apocalyptic predictions. From the legal battles of FTX debtors to the SEC’s tight deadlines and Arthur Hayes’ gloomy forecasts, the crypto world was anything but quiet. FTX’s Legal Tango and the SEC’s Deadline Dance The ghost of FTX’s past reared its head in the legal arena, showcasing a new plot twist in the already convoluted saga of the defunct crypto exchange. FTX debtors, not ones to sit back and watch the show, proposed a separate legal agreement in the bankruptcy proceedings. This wasn’t just about reclaiming lost funds; it was a strategic move in the high-stakes chess game involving FTX’s $220 million acquisition of Embed. The proposal, outlined in a December 22 filing with the U.S. Bankruptcy Court, suggested a settlement specifically targeting Sam Bankman-Fried’s involvement in the Embed Proceeding. In the world of crypto, this is equivalent to a side quest in a role-playing game, but with real money and legal consequences. Meanwhile, the SEC, playing the role of the strict parent, set a December 29 deadline for crypto issuers to submit their revised spot Bitcoin ETF updates. The message was clear: make the cut by this date or miss out on the first wave of potential spot Bitcoin ETF approvals. This deadline sent ripples through the crypto community, with major players like BlackRock, Grayscale Investments, and ARK Investments in a scramble to meet the SEC’s demands. It’s not just about being early to the party; it’s about being part of a select group that could potentially reshape the Bitcoin landscape. Arthur Hayes’ Crypto Doomsday Prophecy In a stark contrast to the usual festive cheer, Arthur Hayes, the former CEO of…

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Filed under: News - @ December 25, 2023 9:20 pm