Damian Williams, the government's chief prosecutor responsible for supervising the SBF case, stated outside the court on Thursday evening that the conviction of SBF is a "warning" to those who violate cryptocurrency laws. Williams stated that federal investigators and lawyers are "putting handcuffs on all" fraudsters and scammers. Additionally, Williams stated, "The cryptocurrency industry may be new, and participants like SBF may be new, but this type of fraud and corruption is longstanding."
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Chief government prosecutor overseeing SBF cases: SBF conviction is a ‘warning’ to cryptocurrency offenders
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Cointime's Evening Highlights for May 24th
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The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%. -
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Fed's Schmid: Low interest rate environment "may not necessarily" return
The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return. -
a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy
Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this. -
SBF ordered to forfeit more than $11 billion
SBF has been ordered to confiscate more than 11 billion US dollars. SBF has now been sentenced to 25 years in prison. -
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According to market news reported, court documents revealed that US prosecutors urged the judge to sentence SBF to 40-50 years imprisonment for FTX fraud.
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