Voyager Digital Holdings and affiliates file Chapter 11 bankruptcy in the Southern District of New York after the collapse of crypto hedge fund Three Arrows Capital (3AC), which triggered a domino effect through the interconnected and unregulated crypto lending market. Voyager, like Celsius, …
Voyager DigitalThree Arrows CapitalSecurities and Exchange Commission (SEC)BlockFiCelsius Network+2 morecrypto-fraudregulatory-voidbankruptcysystemic-riskshadow-banking+3 more
President Bill Clinton signed the Commodity Futures Modernization Act (CFMA) into law on his last day before Christmas recess, completing the deregulation of the derivatives market that Brooksley Born had warned against two years earlier. The legislation, inserted into a 10,000-page authorization …
Bill ClintonLawrence SummersPhil GrammAlan GreenspanWall Street derivatives dealersderivativesderegulationcfmafinancial-crisiscredit-default-swaps+1 more
The President’s Working Group on Financial Markets issues a unanimous report recommending that over-the-counter derivatives be explicitly exempted from federal regulation, directly repudiating CFTC Chair Brooksley Born’s 1998 warnings about systemic risk. The report is signed by Treasury …
Lawrence SummersRobert RubinAlan GreenspanArthur LevittBill Rainer+1 morederivativesderegulationcfmafinancial-crisisregulatory-capture+2 more