A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector. Michael M. Santiago/Getty Images hide caption
Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators. Patricia De Melo Moreira/AFP via Getty Images hide caption
Sam Bankman-Fried, then FTX's CEO, appeared before the House Financial Services Committee in December 2021. Its chairwoman, Rep. Maxine Waters (D-CA), says she expects him to testify again soon. Alex Wong/Getty Images hide caption
From left to right: Sen. Cynthia Lummis, R-Wyoming; Securities and Exchange Commission Chairman Gary Gensler; and Sen. Elizabeth Warren, D-Mass. All three are likely to play important roles as the country starts to shape regulations for cryptocurrencies such as Bitcoin. Tom Williams/CQ-Roll Call, Inc/Getty Images; Melissa Lyttle/Bloomberg/Getty Images; Graeme Jennings/Pool/Getty Images/Various hide caption
Former MF Global CEO Jon Corzine arrives on Capitol Hill in 2011. Susan Walsh/AP hide caption
Meet the new boss? Timothy Massad, left, is to be nominated to replace Gary Gensler, right, as chairman of the Commodity Futures Trading Commission. Official portraits from the Treasury Dept. and CFTC hide caption