News
Michael Coberg was sentenced to 63 months in prison for helping the so-called crypto “Godfather” stage a sham drug bust and extort a victim for $127,000.
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Corruption News
Corruption is the process of using political power in order to gain personal benefit. Corruption is one of the main problems of today’s world, emerging in an absolute majority of countries and leading to hard consequences for the population. The biggest problem of it is the prevention of development caused by corruption in developing countries. The question of how to end corruption is crucially important for the future development of most nations. Solutions for corruption may be found in political, economic and technological measures. Blockchain technology may become a solution of corruption by being implemented in budget control and voting processes. Blockchain corruption-preventing measures are easier to maintain in developed countries but are possible for developing countries with the help of blockchain-based companies and support of the U.N.
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Senator Elizabeth Warren pointed to the SEC's recent settlement with Tron founder Justin Sun, saying “any crypto legislation moving through Congress“ should address corruption.
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Although US President Donald Trump was not slated to appear at today's event, it will include two senators, the CFTC chair, and industry leaders.
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Democratic leaders on key committees considering crypto market structure legislation are reportedly drawing a line in the sand over elected officials profiting off the industry.
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A new report warned that the Central African Republic’s crypto push favored elites and exposed the country to foreign criminal networks, rather than boosting financial inclusion.
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Richard Teng said Binance "didn’t partake" in the decision for an Abu Dhabi-based company to use World Liberty Financial's USD1 for a $2 billion investment into the exchange.
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Senator Chris Murphy alleged corruption over the exchange “promoting Trump crypto” shortly after the US president issued a pardon for Binance founder Changpeng Zhao.
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Many in Congress are scrutinizing Donald Trump’s presidential pardon of Changpeng Zhao, but Senator Elizabeth Warren’s comments drew attention from the former Binance CEO.
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President Donald Trump has pardoned CZ, marking another act of clemency for a prominent figure in the crypto industry that signals a concerning trend.
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Seven Senate Democrats asked the US attorney general and the DOJ to explain President Trump’s pardon of Binance co-founder Changpeng Zhao, calling it a corrupt move.
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Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund.
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Albania has turned to AI bot Diella to tackle public procurement, aiming to rein in the Balkan country’s long-standing issues with corruption and organized crime.
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California Governor Gavin Newsom says his planned memecoin is meant to expose the absurdity of Trump’s crypto ventures.
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The bill pushed by the representative included a ban on lawmakers and their families from “launching, promoting, or trading in coins where they hold a personal financial interest.”
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Backed by $2.5 billion in funding, Trump’s media company has started acquiring Bitcoin as part of its previously announced investment strategy.
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