US Cracks Down on Crypto Execs Over AML Violations
-
The US government sent a strong message about cracking down on crypto crimes.
-
Changpeng Zhao, CEO of Binance, pled guilty to anti-money laundering violations.
-
The guilty pleas of Zhao and FTX's Sam Bankman-Fried hurt crypto's reputation.
-
Crypto prices dropped initially but rebounded the next day.
-
Multiple US agencies are aggressively targeting crypto violations.