Zhao is scheduled to be sentenced on April 30 after he and Binance settled charges with the U.S. Department of Justice (DOJ) in November 2023.
The number of addresses holding stablecoins has risen 15% this year, according to veri source rwa.xyz.
Any perpetrator or “suspected agent” secretly working with all cryptocurrency platforms, “buying and selling USDT illegally” will be arrested, the directive said.
Some banks, however, foresee a continued dollar strength on the back of divergent interest rate expectations and the threat of U.S. tariffs.
Crypto’s significance as an election issue remains non-existent or at best negligible.
Hedera announced on Tuesday that BlackRock’s U.S. Treasury money market fund had been tokenized on its blockchain.
The favorite to win, Mexico City’s former Mayor Claudia Sheinbaum, is expected to remain aligned with her party’s previous position on crypto, one that focuses more on protecting customers than any explicit legislation.
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
The DOJ wants Zhao to serve 36 months after his guilty plea last year.
The amount of money laundered through crypto in 2021 is considered “extremely large” according to the president.
