Binance Holdings Limited, the world’s largest cryptocurrency exchange, pleaded guilty to conspiracy to violate the Bank Secrecy Act, failure to register as a money transmitting business, and violating the International Emergency Economic Powers Act in the largest corporate criminal penalty in …
Changpeng ZhaoBinanceDepartment of JusticeMerrick GarlandLisa Monaco+5 morecryptoregulatory-capturemoney-launderingfraudsanctions-violations+4 more
TerraUSD (UST), the fourth-largest stablecoin with $18 billion market capitalization, began losing its dollar peg on May 7-9, 2022, triggering a catastrophic “death spiral” that would destroy $40 billion in value within days and crash the broader crypto market. The algorithmic …
Do KwonTerraform LabsSecurities and Exchange Commission (SEC)CFTCJanet Yellen+3 morecryptoregulatory-capturefraudstablecoinsystemic-risk+3 more
Comprehensive analysis of Biden administration’s 2022 financial disclosures reveals a complex landscape of potential conflicts of interest and efforts to mitigate them. The Office of Government Ethics certified financial reports showing high compliance, with 48 out of 56 White House assistants …
Biden AdministrationOffice of Government EthicsRegulatory AgenciesPolitical AppointeesAntony Blinken+3 moreregulatory-capturerevolving-doorpersonnelconflict-of-interestethics-disclosure+1 more
The Federal Reserve Board imposes an unprecedented enforcement action against Wells Fargo, restricting the bank from growing beyond its total asset size as of December 31, 2017—approximately $1.95 trillion. The asset cap represents the most severe punishment the Fed has imposed on a major bank in …
Federal ReserveJanet YellenWells Fargo Boardbanking-regulationwells-fargofederal-reservecorporate-accountability