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Month: December 2022

Senate crypto hearing yields big claims, possible regulation

By GLENN GAMBOA AP Business Writer Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Sen. Elizabeth Warren announced at the hearing bipartisan legislation aimed at cracking down on cryptocurrencies being

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California reparations task force meets to talk eligibility

By SOPHIE AUSTIN and JANIE HAR Associated Press/Report for America OAKLAND, Calif. (AP) — California’s committee to study reparations for African Americans was meeting in Oakland Wednesday to discuss what could be done to mitigate the generational harm of slavery and discrimination, and who would receive possible payments. The first-in-the-nation task force previously voted to

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Ukraine: Russian strikes thwarted, wreckage hits buildings

By HANNA ARHIROVA and JAMEY KEATEN Associated Press KYIV, Ukraine (AP) — Ukrainian authorities said they thwarted a Russian attack on Kyiv and the surrounding region Wednesday as their air defense system destroyed 13 explosive-laden drones, although wreckage damaged five buildings, without causing casualties. The attempted strikes underlined how vulnerable Ukraine’s capital remains to the

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