The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
The U.S. regulator overseeing derivatives markets took action against three firms, one of which had previously employed a lawyer later appointed to lead its technology research division at the CFTC.
Salame acknowledged his involvement as a 'straw donor,' covertly channeling millions of dollars to Republican political candidates, while Bankman-Fried contributed to Democratic causes.
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