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crypto faces regulatory challenges as key figures endure legal battles

The crypto industry faced significant challenges in 2023, highlighted by Binance executive Tigran Gambaryan's eight-month imprisonment in Nigeria and the conviction of Tornado Cash developer Alexey Pertsev for money laundering. As regulatory scrutiny intensified under SEC Chair Gary Gensler, the crypto lobby mobilized substantial funds for the 2024 elections, anticipating a shift in regulatory dynamics with the incoming Trump administration. The focus is expected to shift towards international regulations, particularly in the EU, while the US may become a more favorable environment for crypto entrepreneurship.
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United States Dollar Nigerian Naira MicroStrategy Inc BlackRock, Inc. Kraken Energy Corp. Coinbase Global, Inc. NGA NLD RUS USA Nadeem Anjarwalla David O. Sacks Molly White Joanna Wright Tim Craig Gary Gensler Alexey Pertsev Paul Atkins Inbar Preiss Osato Avan-Nomayo Show more
Regulatory & Legal, News Article
17:04 23.12.2024
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