Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud
Ellison will also have to forfeit about $11 billion dollars, a federal judge ruled Tuesday.
Ellison will also have to forfeit about $11 billion dollars, a federal judge ruled Tuesday.
The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD.
Caroline Ellison is the third FTX executive to be sentenced.
“We don’t have a stocks tax on our agenda,” Vice President Cevdet Yilmaz told Bloomberg, including the country’s plans that also affect crypto.
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, pitched a “grand bargain” to finish a stablecoin bill this year.
Citrea’s aim is to use Bitcoin as a settlement layer to make it “the foundation for the world’s finance.”
The offering solves the liquidity issues faced by investors due to the 27-day deposit lock-up period.
The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 BTC so far in three separate transactions.
The latest price moves in crypto markets in context for Sept. 24, 2024.
Defying typical September trends, bitcoin’s resilience hints at a potential breakout from its prolonged downtrend.