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crypto funding reshapes political landscape as pro blockchain candidates emerge
In a significant political shift, the cryptocurrency industry funneled over $245 million into the recent elections, helping candidates like Bernie Moreno defeat long-standing incumbents and secure nearly 300 pro-crypto lawmakers in Congress. This strategic investment aimed to eliminate critics and bolster support for crypto-friendly regulations, particularly following the SEC's aggressive stance under Gary Gensler. With the backing of major crypto executives and PACs, the industry is poised to exert unprecedented influence over future legislative agendas.
Ilya Lichtenstein sentenced to five years for Bitcoin heist and laundering
Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his role in one of the largest Bitcoin heists, where he hacked the Bitfinex exchange and laundered stolen funds. He and his wife, Heather Morgan, pleaded guilty to the scheme, with Morgan facing sentencing on November 18, for which the government has recommended 18 months.
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