testify

According to the Associated Press, Federal Reserve Chairman Jerome Powell will attend the U.S. Supreme Court's oral arguments regarding Federal Reserve Governor Christopher Waller on Wednesday, marking an unusual public statement and support from the head of the U.S. central bank. The Supreme Court is reviewing whether President Trump has the authority to dismiss Waller, who was appointed by former President Biden.Sources indicate that Powell plans to attend Wednesday's hearing. This also represents Powell's most public and direct support for Waller to date, as Trump first attempted to remove Waller in late August of last year.Previously, Powell revealed that the Trump administration had issued subpoenas to the Federal Reserve and threatened to bring unprecedented criminal charges against it. In a video statement released on January 11, Powell condemned these subpoenas as merely an "excuse," with the real aim of forcing him to significantly lower the Federal Reserve's benchmark interest rate.

ChainCatcher news, Qian Zhimin, the main suspect in the laundering case of 60,000 bitcoins, will stand trial at the Southwark Crown Court in London. This case will become a landmark case for Sino-British judicial cooperation, cross-border asset recovery, and the disposal of cryptocurrency assets. Chinese police officers will travel to London to testify in court, and several Chinese victims will appear via remote video from a court in Tianjin, China.The trial is expected to last 12 weeks and will conclude before Christmas. This case involves issues of cross-border money laundering and the recovery of crypto assets, and is seen as a milestone test for the regulation and governance of cross-border financial crimes in the digital currency era. Qian Zhimin is accused of illegally raising approximately 43 billion yuan through Tianjin Lantian Ge Rui Electronic Technology Co., Ltd. by offering Ponzi scheme-like investment products from 2014 to 2017, affecting 130,000 victims. This case is not only one of the landmark events in the history of illegal fundraising in China but also the largest cryptocurrency money laundering case in the history of British justice.

ChainCatcher news, according to Bitcoin.com, Ripple CEO Brad Garlinghouse announced that he will testify on Wednesday, July 9, at the U.S. Senate Banking Committee hearing titled "From Wall Street to Web3: Building the Future of Digital Asset Markets."The hearing will be live-streamed and is a key part of the Senate Digital Assets Subcommittee's push for the legislative process of the "GENIUS Stablecoin Act" and the "CLARITY Market Structure Act," aimed at clarifying the regulatory division between the SEC and CFTC.Garlinghouse emphasized on social media that it is crucial for the U.S. to establish constructive cryptocurrency market structure legislation to unlock a new era of innovation and financial opportunities while protecting consumers.

ChainCatcher news, Aptos Labs CEO Avery Ching will testify at a House hearing to share his perspectives on building blockchain infrastructure. The hearing is titled "The Future of American Innovation and Digital Assets: From Blueprint to Practical Framework," aimed at promoting the development of a clear and practical legislative framework for the digital asset market.As an invited voice from the L1 blockchain technology founders and CEO, Avery Ching will explain the core role of tokens in open networks, practical use cases on Aptos, and the importance of clear regulation for technological innovation in the United States from the perspective of an engineer and builder.This hearing is led by the Agriculture Committee, which oversees the regulation of the U.S. Commodity Futures Trading Commission (CFTC), and has substantial influence in the legislative framework for the digital asset market. Avery's testimony will be included in the official record and may provide key references for future policy-making.

ChainCatcher news, according to official news, the U.S. Securities and Exchange Commission (SEC) officially announced that the agency's chairman Paul Atkins will testify at the U.S. Senate Appropriations Committee hearing tomorrow at 2:30 PM (Eastern Time), and there will be a live broadcast.

ChainCatcher news, according to Bloomberg, Federal Reserve Board Governor Michelle Bowman will be questioned on Thursday at a Senate Banking Committee hearing, where lawmakers will review her nomination to serve as Vice Chair for Supervision.Bipartisan senators may ask Bowman how she plans to comply with an executive order that limits the power of independent agencies and will want to understand how she will respond to a new initiative—one that requires the largest lending institutions in the U.S. to hold more capital to enhance their ability to withstand losses and financial crises.

ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed on the X platform that all five members of the U.S. SEC are preparing to testify before the House Financial Services Committee next Tuesday. This will be the first time since 2019 that the entire SEC, not just the chairman, will testify together.Gary Gensler himself will testify separately in the Senate next Wednesday.

ChainCatcher news, according to The Block, former Celsius CEO Alex Mashinsky has requested to subpoena six witnesses who previously worked at the crypto company to testify on his behalf, as he may face over 100 years in prison.Mashinsky was arrested last year, and prosecutors accused him of deceiving customers and misleading about Celsius's profitability. In a memorandum submitted by his lawyer last Friday, he requested the New York District Court to allow these witnesses to testify in his criminal trial, including the chief financial officer and chief revenue officer of the crypto lending platform. The lawyer stated that many of the witnesses he intends to subpoena reside outside the United States.Mashinsky's lawyer claimed in the memorandum that he had no intention of harming anyone.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will accept questioning from members of the House of Representatives tonight at 22:00. The market may experience fluctuations at that time, and investors should be aware of the associated risks. In yesterday's speech, Powell did not reveal the timing of interest rate cuts, but his remarks seemed to indicate a subtle shift.

ChainCatcher news, according to CNBC, Elon Musk has been ordered by a U.S. judge to testify in court documents on Saturday regarding the investigation into his 2022 acquisition of Twitter. The U.S. Securities and Exchange Commission (SEC) is investigating whether Musk or others committed securities fraud during the process of the billionaire starting to buy Twitter shares and building a stake before acquiring the social media company.Musk completed the acquisition of Twitter in October 2022 for approximately $44 billion and has since rebranded it as X.In an order dated February 10, 2024, Federal Judge Laurel Beeler wrote that although Musk and his legal team believe the SEC's subpoena in this matter constitutes harassment of the billionaire, the federal financial regulatory agency is "within its rights," and their subpoena is "clear and seeks relevant information" for the investigation. The federal financial regulatory agency and Musk now have one week to determine the date and location of his testimony.Musk, his lawyers, and the U.S. Securities and Exchange Commission have not immediately responded to requests for comment.

ChainCatcher news, according to a report by Reuters, the U.S. Securities and Exchange Commission (SEC) stated in a filing submitted to the federal court in San Francisco on Thursday that Musk should testify in the SEC's investigation into his $44 billion acquisition of Twitter.

ChainCatcher news, according to CoinDesk, FTX founder SBF's defense team wants him to testify about whether he knew lawyers were involved in certain aspects of FTX operations, his understanding of industry practices, his intentions regarding FTX funds at the time of FTX's collapse, and his level of knowledge about the financial status of FTX and Alameda.The defense filing on Wednesday requested that Judge Lewis Kaplan, who is overseeing the case, allow defense attorneys to question SBF about certain aspects of FTX operations, as well as how the company's lawyers were involved in making those decisions. These questions include FTX's automatic deletion policy for Signal and Slack messages, the establishment of North Dimension and its bank accounts, loans provided to executives by FTX and Alameda Research, and other issues. The filing mentioned that the U.S. Department of Justice (DOJ) is attempting to assert that some or all of these questions are evidence of criminal intent.The defense is trying to argue that SBF did not intend to deceive customers or investors, and that part of his efforts in running the company relied on legal advice.

ChainCatcher news, according to The Block, SBF's lawyer Mark Cohen confirmed that his client will testify on October 26 (this Thursday), stating that the testimony may take a whole day.

ChainCatcher news, the U.S. prosecutor told the court at the end of the SBF hearing on Tuesday local time that Caroline Ellison's testimony is expected to last all day Wednesday. The U.S. assistant prosecutor stated that after completing direct questioning and cross-examination, the Department of Justice expects to call BlockFi co-founder Zac Prince and former Alameda software developer Christian Drappi.Additionally, the prosecutors anticipate that the trial will be completed in about four weeks, ending as early as October 27. Assuming the defense presents arguments, it is expected to take another week and a half after that, which means the trial could conclude as early as November 9.

ChainCatcher news, according to CoinDesk, former CEO of hedge fund Alameda Research Caroline Ellison is likely to be the next witness to testify in the SBF trial, succeeding former FTX executive Gary Wang.After the court session ended on Friday morning, the U.S. Department of Justice stated that Gary Wang's testimony will conclude on Tuesday, and prosecutors expect the next witness to be Ellison. Like Gary Wang, Ellison also admitted to multiple fraud charges last December.It is reported that the court will not be in session next Monday due to Columbus Day, and will resume on Tuesday at 9:30 AM Eastern Time.

ChainCatcher news, according to The Block, Sam Bankman-Fried's lawyers are trying to prevent a Ukrainian client from testifying in the trial of the failed cryptocurrency exchange founder, claiming that such testimony "would only evoke sympathy and anger from the jury." The request by the Department of Justice to allow the Ukrainian FTX client to testify remotely should be denied.On Saturday, the Department of Justice requested the court to allow the Ukrainian witness to testify remotely, stating that the witness has "special circumstances that make international travel for testimony more problematic." The prosecution stated that this witness is a young male from Ukraine who "entrusted a significant portion of his life savings to FTX when Russia invaded Ukraine in 2022." The lawyers added, "The unique testimony this witness would provide would clearly mention the difficulties and personal circumstances caused by the Russian invasion of Ukraine."

ChainCatcher News, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), will testify on September 27 at 10:00 PM during a hearing held by the U.S. House Financial Services Committee regarding SEC oversight issues.According to the committee's memorandum, this hearing will review the regulatory developments, rulemaking, and activities of the SEC over a period of time since October 5, 2021, including the issuance of Staff Accounting Bulletin No. 121 by SEC staff on March 24, 2022, which requires reporting entities engaged in digital asset custody activities to record corresponding liabilities for the assets; and the SEC's proposal to amend the definition of "exchange" on March 18, 2022, expanding the SEC's authority over digital asset trading platforms, among others.

ChainCatcher news, according to The Block, U.S. Federal Judge Lewis Kaplan has ordered that several witnesses proposed by SBF be prohibited from testifying in next month's trial, including British lawyer Lawrence Akka, president of consulting firm Tom Bishop & Associates LLC Thomas Bishop, head of consulting firm Maxwell Consulting Joseph Pimbley, director of consulting firm Guidepost Solutions Brian Kim, law professor at Capital University Law School Bradley Smith, managing director of consulting firm PVA Toucan International Peter Vinella, and assistant professor at the University of Michigan's Ross School of Business Andrew Di Wu. The prosecution had previously requested the judge to bar these 7 witnesses from testifying, partly because they do not meet the standards for expert testimony.Additionally, despite objections from SBF's lawyers, government expert Peter Easton will be able to testify and discuss the client's fiat currency deposits.

ChainCatcher news, according to CoinDesk, Binance.US stated in its response to the U.S. Securities and Exchange Commission (SEC) that the SEC's motion to require exchange executives to testify and further gather evidence is "overly burdensome" and "arbitrary," and the commission has not obtained evidence of improper diversion of customer funds.Binance.US pointed out: "Even if BAM has provided all evidence during the expedited discovery, the SEC still has no evidence to support its unverified allegations that investor assets have been misappropriated in some way." All evidence in this matter, including documents, statements, and sworn testimony, supports BAM's position that it has custody and control over its digital assets."

ChainCatcher news, according to CryptoSlate, Fox Business reporter Eleanor Terrett stated on social media that SEC Chairman Gary Gensler is set to testify twice before Congress this September, first on September 12 before the U.S. Senate Banking Committee, followed by a session on September 27 before the U.S. House Financial Services Committee.Previously, U.S. lawmakers (especially Republicans) have raised a series of criticisms and accusations against Gensler. Senior member of the House Financial Services Committee Patrick McHenry criticized Gensler's approach to digital asset regulation as overly aggressive, particularly given the lack of clear cryptocurrency guidelines indicating which digital assets fall under the SEC's jurisdiction. McHenry and others expressed concerns about the nature of the SEC's regulatory approach, arguing that the SEC prioritizes enforcement over clear guidelines.