CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28

CZ gets jail sentence, Gensler viewed Ether as security, and FBI targets mixers: Hodler’s Digest, April 28 – May 4for failing to maintain an effective Anti-Money Laundering program at the cryptocurrency exchange. The sentence was delivered by Judge Richard Jones in the U.S. District Court for the Western District of Washington on April 30, following Zhao’s guilty plea in November.

, according to legal professionals. On April 25, the FBI issued a public service announcement advising Americans to only use registered crypto businesses that adhere to Know Your Customer and Anti-Money Laundering regulations. The FBI highlighted that it had taken action against unlicensed cryptocurrency services, warning that users of such services could face financial disruptions, especially if their funds are mixed with those obtained illegally.

“Anything that increases usage and adoption of the Bitcoin blockchain is good for miners, and good for the Bitcoin ecosystem as a whole.”and will slowly grind back up over the next few months. In a blog post on May 3, Hayes commented on the recent market slump, claiming that “The price action played out as I expected.”

Hayes expects crypto markets to slowly grind higher after the recent sell-off, driven by increased dollar liquidity from the Federal Reserve’s quantitative tightening taper and the U.S. Treasury’s debt issuance plans.

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