Salame acknowledged his involvement as a 'straw donor,' covertly channeling millions of dollars to Republican political candidates, while Bankman-Fried contributed to Democratic causes.
The global standard-setters also cautioned that stablecoins adopted by multiple jurisdictions could potentially transmit volatility in a more abrupt manner than other cryptocurrencies.
Coinbase (COIN) reported securing $57 million for their platform as of September 1, as detailed in an official filing with the SEC.
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