Trump Pardons Founder of Crypto Exchange Binance
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As artificial intelligence bots and deepfakes make it harder to tell who is real and who isn't, crypto firms are jockeying to sell potential solutions.
Alt5 Sigma suspended Peter Tassiopoulos just two months after the company announced a $1.5 billion deal involving the Trump-backed World Liberty Financial.
Pooja Rajkumari is a Senior Reporter at TheStreet Crypto. Previously, she worked as a Copyeditor at Benzinga, where she focused on U.S. finance and the economy, as well as developing AI-driven editorial tools. To pitch her your ideas, drop an email at [email protected]
Washington — President Trump has pardoned a billionaire cryptocurrency exchange founder who pleaded guilty to a money laundering-related charge, claiming the man was a victim of political prosecution by the Biden administration.
Crypto transaction volume in the US topped $1 trillion between January and July of this year. The president's embrace of the digital asset space appears to be the cause.
Troubled digital-asset custodian Fortress Trust — more recently known as Elemental Financial Technologies Inc. — is on the verge of insolvency and facing a significant mismatch between assets and liabilities,
Selig’s selection comes after Brian Quintenz’s nomination ran into resistance from MAGA donors Tyler and Cameron Winklevoss.
It’s no secret that President Trump, once a Bitcoin skeptic, has become a full-blown convert and that he and his family are using crypto to enrich themselves. What far fewer people understand is how Trump’s crypto ventures are structured on a corporate level.