What happened in crypto

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

A U.S. federal court has approved the settlement between Binance and the Commodities Future and Trading Commission (CFTC), which will see Binance pay $2.7 billion in penalties. Meanwhile, Lido DAO is the center of a class-action lawsuit claiming the it duped the public into investing in an unregistered securities offering,and spot Bitcoin (BTC) exchange-traded funds (ETFs) could trigger unwanted consequences for crypto exchanges like Coinbase.

A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC).

In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.

What happened in crypto this weekend?

Tether is working closer with U.S. law enforcement, revealing it has already frozen 326 wallets linked to criminals, while VanEck CEO has pled a bullish case for the future of Bitcoin.

Stablecoin issuer Tether (USDT) has revealed it has frozen 326 wallets linked to criminals, totaling $435 million as of Dec. 15, and is working closer with U.S. law enforcement agencies than ever before.

“We have assisted in freezing, as of the date of this letter, approximately 326 wallets totaling approximately USDT 435 Million,” the firm’s CEO Paolo Ardoino explained to Senator Cynthia Lummis and U.S. Representative French Hill on Dec. 15.

Tether said it also onboarded the United States Secret Service into its platform to strengthen its compliance measures with U.S. law enforcement and is in the same process with the FBI.