2 Russians Charged With Laundering Over $600K in Bitcoin

• US DOJ charges two Russians with laundering over 600K Bitcoin
• Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit
• Do Kwon saga erupts into Montenegrin political scandal

US DOJ Charges 2 Russians With Laundering Over 600K Bitcoin

The US Department of Justice (DOJ) has charged two Russian nationals with money laundering and willful failure to file reports of foreign bank and financial accounts, after the duo allegedly laundered more than $90 million through hundreds of thousands of Bitcoin transactions. The suspect duo is accused of using various cryptocurrency services and exchanges to launder the funds, including Binance.US, where they allegedly sold a total of 622,000 BTC at a slight discount.

Coinbase CEO’s $1.8 Million Stock Sale Raises Eyebrows Amid SEC Lawsuit

Coinbase CEO Brian Armstrong recently sold off $1.8 million worth of his company’s stock in an SEC-registered transaction that generated some controversy due to the timing coinciding with an ongoing legal battle between Coinbase and the Securities and Exchange Commission (SEC). Armstrong’s representatives have since denied any conflict of interest or wrongdoing on his part, stating that he had notified Coinbase board members prior to executing the sale as required by law.

SEC’s Gensler Rejects ‘Regulatory Clarity’ Arguments In Speech On Crypto Regulation

Gary Gensler, chairperson of the United States Securities and Exchange Commission (SEC), recently delivered a speech on crypto regulation at New York University Stern School Of Business, during which he rejected arguments that call for greater regulatory clarity in the space. He argued that while increased clarity is needed around certain areas such as custody rules and initial coin offerings (ICOs), other aspects are still too new or uncertain for regulators to properly address them all at once.

Coinbase Legal Chief Paul Grewal Says SEC ‘Misread The Law

Coinbase’s legal chief Paul Grewal spoke out against allegations from the Securities and Exchange Commission (SEC) claiming that it had misread securities laws when considering whether digital assets should be regulated as securities or commodities. Grewal stated that Coinbase strongly disagrees with this interpretation, adding that its customers should not be subject to unfair enforcement actions based on this misunderstanding of law.

Do Kwon Saga Erupts Into Montenegrin Political Scandal

Disgraced Terraform Labs Co-founder Do Kwon has been revealed to have an established relationship with an influential Montenegrin politician days before the country’s parliamentary elections – scheduled for June 11th . During a press conference Prime Minister Abazović revealed he had received a handwritten note from Do Kwon detailing illegal political donations made to Milojko Spajic since 2018 – stirring commotion in local politics . Prime Minister Abazović called for an investigation determine truth of matter , while letters containing same information were sent Justice Minister Marko Kovac , Special Prosecutor’ Office .