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 22, 2023</p><p>The Justice Department seeks a $4 billion settlement with Binance Holdings Ltd., addressing allegations of money laundering, bank fraud, and sanctions violations, potentially involving criminal charges against founder Changpeng Zhao. While, the SEC takes legal action against Kraken, alleging failure to register and sparking criticism from Senator Cynthia Lummis, contributing to the ongoing debate over regulatory measures in the cryptocurrency space.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><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>Attorney General Merrick Garland</li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a></li><li><a href="https://www.linkedin.com/company/krakenfx/" rel="noopener noreferrer nofollow">Kraken Digital Asset Exchange</a></li><li>Senator Cynthia Lummis</li><li>The <a href="https://www.linkedin.com/company/blockchainassociation/" rel="noopener noreferrer nofollow">Blockchain Association</a></li><li><a href="https://www.linkedin.com/groups/12332875/" rel="noopener noreferrer nofollow">Office of Foreign Assets Control</a> (OFAC)</li><li><a href="https://www.linkedin.com/company/tornadocash/" rel="noopener noreferrer nofollow">Tornado Cash</a></li><li><a href="https://www.linkedin.com/company/apple/" rel="noopener noreferrer nofollow">Apple</a></li></ul><h3 id="justice-department-seeks-over-4-billion-from-binance-in-landmark-settlement-deal">Justice Department Seeks Over $4 Billion from Binance in Landmark Settlement Deal</h3><p>The Justice Department aims to resolve a lengthy criminal investigation into Binance Holdings Ltd. with a proposed $4 billion settlement. Founder Changpeng Zhao&#39;s potential criminal charges are on the table, addressing allegations of money laundering, bank fraud, and sanctions violations.</p><h3 id="attorney-general-garland-unveils-cryptocurrency-enforcement-actions-highlights-binance-settlement">Attorney General Garland Unveils Cryptocurrency Enforcement Actions, Highlights Binance Settlement</h3><p>Attorney General Merrick Garland is set to reveal &#34;separate but related cryptocurrency enforcement actions&#34; in a press conference. The spotlight will be on the announced settlement between the DOJ and Binance, shedding light on the resolution of the probe into alleged financial crimes.</p><h3 id="sec-sues-kraken-for-unregistered-activities-sparks-criticism-from-senator-lummis">SEC Sues Kraken for Unregistered Activities, Sparks Criticism from Senator Lummis</h3><p>The SEC initiates legal action against crypto exchange Kraken, alleging failure to register as a securities exchange, broker, dealer, and clearing agency. Senator Cynthia Lummis criticizes the lawsuit, intensifying the ongoing debate over regulatory measures in the crypto space.</p><h3 id="doj-seizes-9-million-in-tether-freezes-225-million-in-crypto-scam-investigation">DOJ Seizes $9 Million in Tether, Freezes $225 Million in Crypto Scam Investigation</h3><p>The Department of Justice announces the successful seizure of nearly $9 million in Tether from a crypto scam organization. Tether responds by freezing $225 million in USDT tokens, actively aiding ongoing investigations into fraudulent activities.</p><h3 id="blockchain-association-challenges-ofac-sanctions-on-tornado-cash-in-amicus-brief">Blockchain Association Challenges OFAC Sanctions on Tornado Cash in Amicus Brief</h3><p>The Blockchain Association, a crypto advocacy group, files an amicus brief opposing the Office of Foreign Assets Control&#39;s sanctions on Tornado Cash. The move reflects a broader industry concern regarding regulatory actions that may stifle innovation in the decentralized finance space.</p><h3 id="apple-faces-antitrust-class-action-over-alleged-crypto-tech-competition-suppression">Apple Faces Antitrust Class Action Over Alleged Crypto Tech Competition Suppression</h3><p>Four consumers initiate a proposed antitrust class action against Apple, alleging restrictive agreements that hinder competition by blocking decentralized crypto technology from iOS peer-to-peer payment apps. The legal challenge puts a spotlight on the intersection of big tech and the evolving cryptocurrency landscape.</p>

Justice Department Seeks $4 billion Settlement with Binance

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