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Binance CEO Pleads Guilty in Largest Crypto Crackdown
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Binance CEO Changpeng Zhao pleads guilty to failing to maintain an effective anti-money laundering program, signaling a crackdown on the crypto industry. The penalty includes a $4.3 billion fine and the requirement to operate under tightened supervision. The settlement with the DOJ indicates a shift towards cooperation with regulators and a more regulated crypto landscape.
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