Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Former Alameda Research CEO Caroline Ellison will learn her fate in a few hours. She may spend the next several months or years behind bars, but her attorneys, the Department of Justice and the Probation Office all seem to think she should remain a free woman after the amount of cooperation she provided.Attorneys for former FTX group executive Caroline Ellison argue she shouldn't spend any time in prison after cooperating with prosecutors, FTX's bankruptcy estate and FTX's creditors.
The DOJ did not provide a specific sentencing recommendation, unlike with Bankman-Fried . Instead,"What is particularly unusual about the speed of Ellison’s cooperation is how many times she met with the Government in a short span of time, and how quickly she pleaded guilty to the full slate of misconduct related to her participation in a complex financial fraud," the DOJ filing said.
Following Ellison, former FTX executives Nishad Singh and Gary Wang are the remaining two executives who will be sentenced. Ellison's sentence will likely be a strong signal for how much time they may actually face, given the similar circumstances for all three individuals. Telegram will now be more cooperative with law enforcement entities after CEO Pavel Durov's arrest in France last month, Durov said in a post on the messaging platform.A few years ago, Coinbase filed a petition to try and force the U.S. Securities and Exchange Commission to engage in rulemaking around digital assets. The regulator pushed back, saying no bespoke rulemaking was necessary at the time.
Hill argued that the SEC wasn't obligated to create a specific framework for cryptocurrencies, and there are already companies that comply with federal securities laws. For crypto, the SEC has looked to the Howey Test, he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Alameda Research CEO Caroline Ellison’s Attorneys Seek Leniency Ahead of SentencingCrypto Blog
Read more »
Debate night is here: What to expect when you've learned to expect the worstTuesday night's debate between Kamala Harris and Donald Trump is sure to be billed as the prosecutor vs. the felon — and the beginning of the end for one of them.
Read more »
Former Malaysian leader Muhyiddin charged with sedition for allegedly mocking former kingFormer Malaysian Prime Minister Muhyiddin Yassin has been charged with sedition over a speech he made that allegedly mocked the country’s previous king.
Read more »
Former Bay Area man pleads to bilking former employer out of $3.2 millionEuan David MacGregor, formerly known as David Joseph Bean, 54, of Iowa City, Iowa, faces a maximum prison term of 20 years and a $250,000 fine, when sentenced Jan. 28 in Sacramento.
Read more »
Former White House employee discusses 2nd assassination attempt of former Pres. TrumpIn addition to Utah voters, a former member of the White House Advance team is sharing his thoughts on the Florida assassination attempt against former Presiden
Read more »
Former Pittsburgh Steelers OLB to play former team after dealing with illnessFormer Pittsburgh Steelers outside linebacker Bud Dupree will play against his former team on Sunday.
Read more »