Law and Order

Amid an apparently growing crackdown on the crypto industry from American regulators, U.S. prosecutors are reportedly investigating Block, the Jack Dorsey-founded company behind Square and Cash App.

Crypto billionaire Changpeng “C.Z.” Zhao took to Twitter hours after being sentenced to four months in prison in a Seattle courtroom to thank supporters and call out a “silver lining” to the months-long legal process.

Chairman of the House Financial Services Committee Patrick McHenry (R-NC) waded into the escalating feud between financial regulators and the crypto industry on Tuesday, accusing SEC Chair Gary Gensler of having “misled Congress” regarding the agency’s stance on Ethereum.

Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison Tuesday, punished after pleading guilty to money laundering violations last year.
Changpeng Zhao “had the personnel, resources, and wherewithal to comply with U.S. regulations,” U.S.

Authorities in Spain have arrested cryptocurrency entrepreneur Roger Ver, once known as “Bitcoin Jesus,” after the U.S. Department of Justice charged him with tax evasion.

Notorious North Korean hacker organization, Lazarus Group, has long been seen as a villain in the crypto world, allegedly pilfering billions in total from projects and networks.

The U.S. Securities and Exchange Commission (SEC) has internally considered Ethereum to be a security for over a year, according to previously redacted portions of a lawsuit filed by software giant Consensys against the SEC that were revealed this morning.

U.S. Senator Elizabeth Warren (D-Mass.) is again attacking cryptocurrency, this time linking the digital asset market to child sexual abuse material (CSAM).
In a bipartisan open letter to the U.S. Department of Justice and Department of Homeland Security—cosigned by Louisiana U.S.

The UK’s National Crime Agency (NCA) and police have been granted greater powers to “seize, freeze and destroy” crypto used by criminals.

Ethereum software giant Consensys filed suit against the Securities and Exchange Commission (SEC) on Thursday, alleging that the regulator is trying to “seize control over the future of cryptocurrency”—and that the agency plans to designate Ethereum as a security.

An Ohio state congressman has introduced legislation that would protect the right to use Bitcoin and other cryptocurrencies as peer-to-peer mediums of exchange.
The Ohio Blockchain Basics Act, sponsored by state Rep.

The U.S. Department of Justice (DoJ) has argued that fomer Binance CEO Changpeng ‘CZ’ Zhao should spend three years in jail over money laundering charges, ahead of his sentencing on April 30.