Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1708560000&amp;v&#61;beta&amp;t&#61;ckiF4tmL6HRiga2FIJib3moPqZFTsZqKBmnp7m-tSMM" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>November 23, 2023</p><p>In response to the settlement of $4.3 billion to resolve DOJ charges and penalties from the CFTC and Treasury over alleged financial misconduct, Binance&#39;s CEO Changpeng Zhao has decided to step down. Additionally, former Chief Compliance Officer Samuel Lin faces a civil penalty. Senators Stabenow and Warren express their support as lawmakers react to Binance&#39;s settlement, recognizing the substantial financial resolution achieved in response to regulatory actions.</p><h3 id="the-bsv-blockchain-gazette-is-presented-by-bryan-daugherty-public-affairs-director-of-americas-for-bsv-blockchain-featuring">The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</h3><ul><li>The <a href="https://www.linkedin.com/company/usdoj/" rel="noopener noreferrer nofollow">Justice Department</a></li><li><a href="https://www.linkedin.com/company/binance/" rel="noopener noreferrer nofollow">Binance Holdings</a> Ltd. and <a href="https://www.linkedin.com/in/cpzhao/" rel="noopener noreferrer nofollow">Binance Founder Changpeng Zhao</a></li><li><a href="https://www.linkedin.com/company/commodity-futures-trading-commission/" rel="noopener noreferrer nofollow">Commodity Futures Trading Commission</a></li><li>CFTC Chair Rostin Behnam and Commissioners <a href="https://www.linkedin.com/in/christy-goldsmith-romero-29496b135/" rel="noopener noreferrer nofollow">Christy Goldsmith Romero</a>, <a href="https://www.linkedin.com/in/kristin-johnson-a28b33193/" rel="noopener noreferrer nofollow">Kristin Johnson</a>, and <a href="https://www.linkedin.com/in/carolinedpham/" rel="noopener noreferrer nofollow">Caroline Pham</a></li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">US Treasury</a> Secretary Janet Yellen</li><li>Senators Debbie Stabenow and <a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">Elizabeth Warren</a></li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">Securities and Exchange Commission</a> and SEC Commissioner Hester Peirce</li><li><a href="https://www.linkedin.com/company/grayscale-investments/" rel="noopener noreferrer nofollow">Grayscale </a></li><li>Celsius Network</li><li><a href="https://www.linkedin.com/company/bittrexglobal/" rel="noopener noreferrer nofollow">Bittrex Global</a></li></ul><h3 id="binance-settles-massive-4-3-billion-doj-charges-ceo-steps-down-amid-allegations">Binance Settles Massive $4.3 Billion DOJ Charges, CEO Steps Down Amid Allegations</h3><p>Binance has agreed to pay $4.3 billion to settle charges brought by DOJ, as well as additional penalties to resolve enforcement actions by CFTC and Treasury over alleged money laundering, bank fraud, and sanctions violations. CEO Changpeng Zhao also agreed to step down, and former Chief Compliance Officer Samuel Lin will pay a $1.5 million civil penalty to the CFTC.</p><h3 id="lawmakers-react-to-binance-settlement-sens-stabenow-and-warren-express-support">Lawmakers React to Binance Settlement: Sens. Stabenow and Warren Express Support</h3><p>Lawmakers have begun reacting to the Binance settlement, with Sens. Debbie Stabenow (D-MI) and Elizabeth Warren (D-MA) voicing support.</p><h3 id="treasury-secretary-yellen-condemns-binance-for-illicit-activity-calls-for-enhanced-tools">Treasury Secretary Yellen Condemns Binance for Illicit Activity, Calls for Enhanced Tools</h3><p>Treasury Secretary Janet Yellen released a statement on Binance, noting how the exchange was used to finance illicit activity. Deputy Treasury Secretary Wally Adeyemo also said on Bloomberg TV that the US needs more tools to combat illicit finance.</p><h3 id="cftc-officials-respond-to-binance-settlement-with-individual-statements">CFTC Officials Respond to Binance Settlement with Individual Statements</h3><p>CFTC Chair Rostin Behnam and Commissioners Christy Goldsmith Romero, Kristin Johnson, and Caroline Pham each released statements on the Binance settlement.</p><h3 id="sec-commissioner-peirce-advocates-for-spot-btc-etfs-discusses-grayscale-meeting">SEC Commissioner Peirce Advocates for Spot BTC ETFs, Discusses Grayscale Meeting</h3><p>SEC Commissioner Hester Peirce discussed crypto in an interview with Bloomberg TV, stating that there is no valid reason for the SEC to prevent the launch of spot BTC ETFs.</p><p>According to an agency memo, the SEC recently met with Grayscale to discuss its spot BTC ETF application.</p><h3 id="celsius-network-adjusts-chapter-11-plan-in-response-to-sec-regulatory-feedback">Celsius Network Adjusts Chapter 11 Plan in Response to SEC Regulatory Feedback</h3><p>Celsius Network amended its Chapter 11 plan to distribute more crypto assets to creditors than initially planned, in response to regulatory feedback from the SEC.</p><h3 id="bittrex-global-to-wind-down-operations-following-sec-action-against-us-arm">Bittrex Global to Wind Down Operations Following SEC Action Against US Arm</h3><p>Bittrex Global will wind down operations following the collapse of its US arm as a result of SEC regulatory action.</p>

Binance's CEO Resigns After $4.3 Billion Settlement with DOJ

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