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Tom Farley

All articles tagged with #tom farley

cryptocurrency2 years ago•3 min saved

Former NYSE President Acquires CoinDesk, Adding to Barry Silbert's Crypto Empire

Former NYSE president Tom Farley's digital asset exchange, Bullish, has acquired crypto news site CoinDesk from Barry Silbert's Digital Currency Group (DCG). The purchase comes after months of speculation and failed purchase agreements for CoinDesk. The terms of the all-cash deal have not been disclosed. CoinDesk will operate as an independent subsidiary of Bullish, with the existing management team remaining in place. An editorial committee, led by former Wall Street Journal editor-in-chief Matt Murray, will be established to protect the publication's autonomy. This acquisition is seen as another setback for Silbert's crypto empire, which has faced challenges and legal issues in recent months.

via CNBC|

#barry-silbert #bullish #coindesk

cryptocurrency2 years ago•3 min saved

SEC Chair Gensler Open to Rebooting FTX with Proper Leadership

SEC Chair Gary Gensler stated that a rebooted FTX, the bankrupt crypto exchange, could work if new leadership operates within the boundaries of the law. Tom Farley, former president of the New York Stock Exchange, is reportedly among the bidders vying to buy the remaining assets of FTX. Gensler emphasized the importance of building investor trust, proper disclosures, and avoiding conflicts of interest. The founder of FTX, Sam Bankman-Fried, was recently found guilty on multiple criminal charges, including fraud and money laundering. Gensler also highlighted the need for enforcement of existing securities laws in the crypto industry and expressed concerns about non-compliance with international sanctions and money laundering laws.

via CNBC|

#cryptocurrency #ftx #gary-gensler