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Representatives of the FBI and the Southern District of New York interviewed former employees of the company that developed the project, Terraform Labs

According to the firm’s chief strategy officer, the authorities should not prohibit innovation but encourage it

The regulators said in a statement that the plans do not involve a bailout of the institution itself and would not require taxpayer spending

The move is designed to raise awareness of the US central bank about new developments

Earlier, the deal was unsuccessfully tried to challenge the Securities and Exchange Commission

If the proposal is approved, the rate will be raised in stages over three years at 10% per year

Attorney General Letitia James said that the exchange violated the Martin Act, used in the state to combat financial fraud

Jerome Powell’s office has not yet made a decision on the appropriateness of using the asset

The deal may increase the amount of funds to reimburse FTX’s creditors

The measure should bring the US budget an additional $24 billion

According to the regulator, it does not guarantee that customer funds were not lent or used immediately after the report was published

The trading platform became a client of the holding company in 2020