Binance Square
LIVE
LIVE
WISE CRYPTO NEWS
--2k views
Alexander Vinnik, co-founder of the infamous $BTC -e crypto exchange, has pleaded guilty to laundering a staggering 💰 $9 billion. BTC-e, operational from 2011 to 2017, was a major platform involved in 🧑‍💻processing illicit funds linked to cybercrime, corruption, and trafficking. 👀 Not registered with U.S. FinCEN and lacking essential KYC and AML protocols, #BTC -e was a preferred hub for criminals to conceal their proceeds. Vinnik now faces substantial penalties, reflecting serious U.S. efforts against crypto-related crimes. 🔍Sentencing awaits, with further details from the IRS and Homeland Security. #CryptoWatchMay2024 #MicroStrategy #BlackRock #altcoins

Alexander Vinnik, co-founder of the infamous $BTC -e crypto exchange, has pleaded guilty to laundering a staggering 💰 $9 billion.

BTC-e, operational from 2011 to 2017, was a major platform involved in 🧑‍💻processing illicit funds linked to cybercrime, corruption, and trafficking.

👀 Not registered with U.S. FinCEN and lacking essential KYC and AML protocols, #BTC -e was a preferred hub for criminals to conceal their proceeds. Vinnik now faces substantial penalties, reflecting serious U.S. efforts against crypto-related crimes.

🔍Sentencing awaits, with further details from the IRS and Homeland Security.

#CryptoWatchMay2024 #MicroStrategy #BlackRock #altcoins

Izjava o omejitvi odgovornosti: vključuje mnenja tretjih oseb. Ni finančni nasvet. Lahko vključuje sponzorirano vsebino. Glejte Pogoje.
0
Raziščite najnovejše novice o kriptovalutah
⚡️ Sodelujte v najnovejših razpravah o kriptovalutah
💬 Sodelujte z najljubšimi ustvarjalci
👍 Uživajte v vsebini, ki vas zanima
E-naslov/telefonska številka
Ustrezen ustvarjalec
LIVE
@wisegbevecryptonews9

Raziščite več o ustvarjalcu

--
Michael Saylor: Senate Wants Bitcoin The passage of a resolution to nullify the SEC's controversial SAB 121 rule has been celebrated as a major legislative victory for the cryptocurrency industry #MicroStrategy co-founder #michaelsaylor has taken to the X social media network to celebrate the cryptocurrency industry's recent Senate win.  "Wall Street wants Bitcoin, the House of Representatives wants Bitcoin, and now the Senate wants Bitcoin," he posted on the X social media network.  Earlier this Thursday, the Senate voted 60 to 38 to kill the controversial "SAB 121" bulletin introduced by the Securities and Exchange Commission (SEC). Senate Majority Leader Chuck Schumer (D-New York) as well as several Democrats joined the Republicans to shoot down the SEC guidance.  The Digital Chamber, the leading blockchain trade association, was "thrilled" to celebrate the passage of the resolution to nullify SAB 121. Compound Labs Robert Leshner described this as "the first of many" legislative wins for the cryptocurrency industry.  The controversial rule requires banks that safeguard #Cryptoassets should record them as a liability on their own balance sheets. Critics argued that it would make it impossible for banks to provide custodial services for digital #assets .  According to Austin Campbell, the founder and managing partner of Zero Knowledge Consulting, the rule, which was unilaterally adopted by the SEC, would possibly damage the rights of crypto holders. "There is no economic rationale for holding capital against assets a firm does not own, and it was clearly done simply to block regulated financial entities from providing custodial services," he said. He further noted that this guidance benefits non-regulated custodians.   As reported by @WISE CRYPTO NEWS , the US House of Representatives voted to shoot down the guidance on May 9.  #GME
--
Ripple's Top Lawyer Celebrates SEC's Latest Setback Ripple's Stuart Alderoty has once again highlighted the importance of bipartisan cooperation Stuart Alderoty, Ripple's chief legal officer, has celebrated a recent bipartisan vote in the US Senate to kill an anti-crypto SEC rule that could pose a major threat to regulatory custodial services in the US.  Alderoty claims that the "unauthorized overreach" of Securities and Exchange Commission Chair Gary Gensler will not be tolerated by both parties.  As reported by @WISE CRYPTO NEWS , some of the most influential cryptocurrency luminaries, including MicroStrategy co-founder Michael Saylor, have praised the Senate for voting to nullify the SEC's controversial SAB 121 guidance.  The rule was supposed to force regulated banking institutions to register the cryptocurrency holdings of their customers on their balance sheets. The industry took issue with this rule since it would make it very challenging for banks to offer custodial services. Some critics also noted that it could potentially negatively impact the rights of cryptocurrency owners. The SEC's cryptocurrency-friendly commissioner Hester Peirce also slammed the agency's approach to regulation custodial services for digital assets as "scattershot."  The cryptocurrency industry and banks united in their efforts to repeal the SEC's SAB 121 rule. The banks are against it since it would negatively affect their balance sheets due to crypto's inherent volatility. #gensler , however, has defended the rule, pointing to the fact that the previous 120 SABs were not called into question.  Alderoty, who keeps a close eye on the latest developments on Capitol Hill, has repeatedly stressed the significance of bipartisan cooperation when it comes to cryptocurrency-related bills.  He has also taken note of recent efforts by US lawmakers to pass a much-anticipated #stablecoin bill. Ripple is gearing up to launch its own #Stablecoins , which has already appeared in the SEC's crosshairs.  #GME #BTC
--
Zemljevid spletišča
Cookie Preferences
Pogoji uporabe platforme