A year ago, Sam Bankman-Fried and Changpeng Zhao ran two of the largest crypto companies. As they grapple with legal woes, others are jockeying to lead the industry’s next chapter.
As the country becomes one of the world’s strictest crypto regulators, companies are exploring plans to expand internationally and possibly leave entirely.
Sam Altman, who leads ChatGPT’s parent company, is expected to call for some regulation of artificial intelligence as Washington weighs its next steps.
Cryptocurrency executives worry that charges against Kraken, a popular exchange, over the business known as staking would further chill their industry.