💰 Spendy… Binance CEO Changpeng “CZ” Zhao pleaded guilty to violating US anti-money-laundering laws and is stepping down as CEO. His crypto exchange — the world’s largest — agreed to pay $4.3B in fines to settle a variety of regulators’ allegations.
📜 Policy… Bitcoin’s price popped after Argentina elected the pro-crypto Javier Milei as its next president. The self-proclaimed “anarcho-capitalist” wants to shutter the country’s central bank and dollarize the economy to curb rampant inflation.
🌶️ Spicy… The SEC sued Kraken, alleging the exchange paid expenses from accounts holding customers’ cash and that it operated an unregistered exchange. The regulator’s continuing its crypto crackdown as it argues that lots of coins are securities (read: under its oversight).