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Crypto wrap: Trump appoints pro-crypto running mate, FTX $4bn settlement and Tether regulatory hire
The week’s top crypto stories.
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Silvergate Capital agrees $63m settlement over AML compliance
Silvergate, the California lender that was undone by the collapse of FTX, just agreed to settle state and federal probes.
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Crypto wrap: CFTC pressed to explain SBF links, UK promises regulation
CFTC chief Rostin Behnam asked for further details on contact with FTX, as UK Treasury says July regulation likely.
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DOJ wants 50-year sentence and $11bn penalty for Sam Bankman-Fried
Prosecutors file 116-page document setting out the case for heavy sentencing.
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Significant drop in crypto crime in 2023
Illicit activity down as scamming and stolen funds fall, but ransomware and darknet markets see growth, Chainalysis says.
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Crypto wrap: Uncertainty for UK CBDCs, FTX to reimburse customers, Ethereum ETF buzz
Digital Pound Foundation event speakers say UK CBDC is not a given, FTX says it will not relaunch exchange.
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It was fraud – Sam Bankman-Fried convicted
Jury finds former ‘king of crypto’ guilty on all counts including defrauding customers out of billions of dollars.
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‘Mistakes were made, but I was badly advised’ Bankman-Fried says at trial
Week four of the former FTX CEO’s trial saw the case for the defense take shape.