Lawsuits and Legal Battle Week… SBF Gets 25 Years Jail Term 😬
Holla, Crypto Nerds… Yeah, we’re back again.
I’d say it’s a good time to be alive, Bitcoin is chasing the bulls…. Again.
And the week did come with the Easter celebration and some courtroom drama to go with it.
From SBF getting his sentencing to Gensler and his boys demanding $2Bn from Ripple…
Grab a popcorn… this is action-packed 🦸
- SBF Is Going to Prison for 25 Years
- Bitcoin ETFs Experience Turnaround With $859M Inflows After Previous Outflows
- US Justice Department charges KuCoin and two founders with violating AML laws
- Fidelity Files S-1 Form For Spot Ethereum ETF With The U.S SEC
SBF Is Going to Prison for 25 Years
Bankman-Fried was sentenced to 25 years in federal prison yesterday, nearly six months after being convicted on a host of fraud charges tied to his role in the implosion of the FTX exchange and Alameda Research trading firm in November 2022.
Bitcoin ETFs Experience Turnaround With $859M Inflows After Previous Outflows
U.S. spot bitcoin exchange-traded funds (ETFs) have enjoyed a streak of positive inflows for four consecutive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five straight days of outflows, totaling a substantial $887.6 million.
US Justice Department charges KuCoin and two founders with violating AML laws
United States Justice Department officials unsealed an indictment against cryptocurrency exchange KuCoin and two of its founders for “conspiring to operate an unlicensed money transmitting business” and violations of the Bank Secrecy Act, or BSA.
Fidelity Files S-1 Form For Spot Ethereum ETF With The U.S SEC
A major participant in the asset management industry, Fidelity Investments oversees $4.5 trillion in assets and has just taken a bold decision. A Spot Ethereum Exchange-Traded Fund (ETF) application was filed by the firm with the US SEC using an S-1 form. In their Wednesday filing, Fidelity hinted that they were planning to include staking capabilities to its Fidelity Ethereum Fund.
Other Highlights Worth Mentioning
Coinbase Loses Most of Motion to Dismiss SEC Lawsuit — CoinDesk
Tokenized U.S. Treasuries Surge Above $1 Billion — Techopedia
Ripple May Dump 3,121,229,382 XRP as SEC Demands $1.95B Fine — Coin Edition
Argentina Unveiled Mandatory Registry For Bitcoin And Crypto Platforms — Forbes