Oct 18, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including testimony during the criminal trial of FTX founder Sam Bankman-Fried that revealed scheduled meetings with various American politicians.

Video transcript

The Treasury Department takes aim at Hamas's cash flow and Stan Ban Man freed dinner meetings with American politicians. You're watching coin desk daily. I'm your host, Jen Sani. Let's take a look at the markets. The Coindesk Bitcoin Price XBX index is currently trading above $28,000. Earlier today. The largest Cryptocurrency by market cap neared $29,000 after Trad five Giant Fidelity filed an amendment to its proposed spot Bitcoin ETF which fired up bullish sentiment. The US Treasury Department has issued sanctions on the 10 key Hamas members included in those sanctions is a Gaza based virtual currency exchange. It is part of an effort to slow the revenue flow for the terrorist group. Earlier today on first mover, former CIA analyst, Yaya Fusi reacted to the news. This is a big deal but it's actually a sign of how the system can work. It's not going after all Cryptocurrency exchanges. It's going after what I think many of us have pointed to which is the weak links are in jurisdictions that don't necessarily uh that don't have strong eml rules and those money exchanges and uh money service businesses crypto or otherwise that are operating on the ground that terrorists can exploit. Meanwhile, the criminal trial against FTX founder Sam Bank and Fried continues today on Tuesday, testimony from an FBI agent highlighted some of the meetings SPF had slated with powerful politicians before the exchanges collapsed in 2022. That included meetings with former president, Bill Clinton, a dinner with New York City mayor, Eric Adams and another with New York Governor Kathy Hole. That's a wrap for coin desk daily. Get more updates on coin desk dot com and we'll see you next time.

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