FT News Briefing The SEC’s crypto crackdown
Feb 16, 2023
World Bank president David Malpass will resign, sparking discussions about the institution's climate initiatives. Meanwhile, US authorities are ramping up their crackdown on crypto companies, raising questions about the industry's future. On another front, Nicola Sturgeon steps down as Scotland’s first minister after facing backlash over independence strategies, leaving her successor with significant challenges. The intersections of leadership changes, regulatory pressures, and global implications are all examined in this insightful conversation.
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World Bank President Resignation
- World Bank President David Malpass will resign in June, almost a year before his term ends.
- He faced pressure over the bank's climate change progress and was accused of climate denial.
Scottish First Minister Resigns
- Scotland's First Minister, Nicola Sturgeon, resigned after eight years.
- While she championed Scottish independence, her strategy faced recent criticism.
US Crypto Crackdown
- The SEC proposed stricter regulations for cryptocurrency to protect investors after market crashes.
- Some in the crypto industry criticize this as overregulation, while others see it as necessary protection.