South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto
National Assembly member Kim Nam-kuk left South Korea’s Democratic Party in 2023 after allegations of cashing out $4 million in crypto holdings. Go to Source
Law
Auto Added by WPeMatico
Trump’s inauguration may trigger crypto sell-off, says Arthur Hayes
Arthur Hayes published a “Trump Truth” blog post forecasting a massive crash in crypto markets following Donald Trump’s presidential inauguration in January. Go to Source
Coinbase slammed for linking WBTC delisting to Justin Sun
Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks. Go to Source
Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve
Satoshi Yamada asked the Japanese government whether it could “convert part of its foreign exchange reserves” into Bitcoin or another token. Go to Source
Texas lawmaker proposes bill to establish strategic Bitcoin reserve
The draft legislation suggested that Texas residents could fund the Bitcoin reserve through voluntary donations. Go to Source
Australia fines Kraken operator $5M for regulatory breaches
Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source
FTX debtors recover $14M in political donations
A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions. Go to Source
Judge cancels ex-Celsius exec sentencing after Alex Mashinsky plea deal
Former Celsius chief revenue officer Roni Cohen-Pavon pleaded guilty to US criminal charges in 2023 and has been allowed to travel to Israel on bail. Go to Source
IcomTech promoter sentenced to 10 years in prison
The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence. Go to Source
Alex Mashinsky to plead guilty to two charges in plea deal
US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023. Go to Source