FTX failure divides lawmakers on how tough to get with crypto regulation

BY: - December 14, 2022

NC's Patrick McHenry defends cryptocurrency industry at House Financial Services Committee hearing; Senator-elect Ted Budd is a no-show Members of a U.S. House committee disagreed at a Tuesday hearing about whether more aggressive federal regulation would have protected customers from the collapse of cryptocurrency firm FTX and the alleged fraud of its founder, Samuel Bankman-Fried.

Despite FTX fallout, some U.S. House members still skeptical about crypto regulation

BY: - December 5, 2022

Ted Budd, a major recipient of crypto industry campaign contributions, joins in questioning federal oversight Nearly nine months after a bipartisan group of U.S. House members sent a letter questioning the Securities and Exchange Commission’s investigation into cryptocurrencies, including the failed FTX exchange, the lawmakers are maintaining their position that the agency’s approach to regulating […]

Behind the scenes of the ill-fated Compute North cryptomining project, Greenville officials pressed to seal the deal

BY: - October 12, 2022

Pitt County economic development officials and the Greenville Utilities Commission were prepared to offer Compute North $50,000 in incentives to site an enormous cryptocurrency mining center on land owned by a Greenville Utilities Commissioner. Details of the deal, known as “Project Coin,” are included in closed-session minutes of the Greenville Utilities Commission. Those minutes show the GUC’s optimism and the urgency in wooing Compute North to Pitt County.

Compute North’s cryptofarm on hold in Greenville, citing uncertainty of energy costs

BY: - May 20, 2022

A large cryptofarm planned for Greenville, in Pitt County, is on hold after Compute North decided to “pause” the project last month. Compute North spokesperson Kristyan Mjolsnes told Policy Watch via email that “based on legislative and regulatory actions that may impact the cost of energy in North Carolina, Compute North made the decision in […]


Cryptocurrency world is ripe for fraud and financial loss

BY: - April 28, 2022

The Los Angeles Rams won Super Bowl LVI, but an argument could be made that cryptocurrency finished as the runner-up. Digital currency providers eToro, and FTX ran spots on advertising’s biggest stage. So did Coinbase, a cryptocurrency exchange, which spent nearly $14 million on an ad that featured a bouncing QR code. It performed […]

When the market economy and public well-being clash

BY: - February 1, 2022

Controversial Greenville facility proposal provides latest reminder that what’s good for business is not always good for society There’s no doubt that when it comes to the generation of wealth and innovation, the market economy is one of the great inventions of modern human history. Legitimate arguments can and must be had about how much longer humans can keep up the pace of economic growth to which they’ve become accustomed...