Regulators’ Crypto Crackdown Continues
We don’t typically touch on crypto news, but several events from today were worth noting. 📰
The first significant development is that Binance’s Changpeng Zhao is reportedly sacrificing himself to save the company. The Wall Street Journal indicated that the founder and CEO plans to step down and plead guilty to violating criminal U.S. anti-money-laundering laws. Binance will also plead guilty to a criminal charge and pay $4.3b in fines to settle civil allegations.