The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against Binance, the world’s largest crypto exchange, and its co-founder Changpeng Zhao for allegedly commingling billions of dollars worth of user funds and sending them to a European company controlled by Zhao, as well as operating as an unlicensed securities exchange in the U.S. without registering with the SEC. The SEC is seeking a permanent injunction, disgorgement of any ill-gotten gains, and civil penalties, while Binance has responded to the charges, stating that they “strongly disagree” with the allegations. The SEC’s actions demonstrate its commitment to protecting investors and upholding its mission of maintaining fair, orderly, and efficient markets.
Posts tagged as “D.C.”
This article discusses an incident in which a private plane flew an unexpected path over the Washington, D.C. region, prompting NORAD to send F-16 fighter jets to intercept the plane. The pilots determined the pilot was incapacitated, and the plane eventually crashed in Montebello, Virginia. NORAD is currently investigating the incident and working to ensure the safety of the airspace in the region.
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle to limit federal spending and resolve the looming debt crisis before the June 5th deadline. The agreement is seen as a major step forward in avoiding a potential economic crisis, and the details of the agreement are still being worked out. The legislative package is expected to be presented soon, and it is hoped that the agreement will be able to resolve the debt crisis and avoid a potential economic crisis.
Stewart Rhodes, the founder of the far-right group Oath Keepers, is set to be sentenced Thursday on felony counts related to the Jan. 6, 2021 attack on the Capitol. Prosecutors have asked for a 25-year sentence, while Rhodes is asking for time served. U.S. District Judge Amit Mehta will issue the sentence.
A private autopsy has revealed that Lashawn Thompson, a 35-year-old man who died in a bedbug-infested cell in the Fulton County Jail in Atlanta, Georgia, suffered from severe neglect, including dehydration, malnourishment, and rapid weight loss. The autopsy found that these conditions contributed to his fatal cardiac arrhythmia, and the family's lawyers are calling for an investigation into the conditions of the jail and the circumstances surrounding Thompson's death. The Fulton County Jail has yet to comment on the autopsy report.
Former Metropolitan Police Department lieutenant Shane Lamond was arrested and indicted on four counts related to obstruction and lying to federal law enforcement, including providing information to Proud Boys leader Enrique Tarrio about investigations into him and then lying to federal agents about it. If convicted, Lamond faces a maximum sentence of 20 years in prison, with the investigation into the relationship between the two still ongoing.
A high-ranking lieutenant in the Washington, D.C., police department was indicted by a federal grand jury for allegedly obstructing justice and making false statements. The indictment alleges that Lieutenant Shane Lamond tipped off former Proud Boys leader Enrique Tarrio about a pending warrant for his arrest just ahead of the Jan. 6 attack on the U.S. Capitol. If convicted, Lamond faces up to 20 years in prison for the obstruction of justice charge and up to five years for each of the false statement charges. Federal prosecutors have charged more than 400 people in connection with the Capitol attack, and the investigation is ongoing.
Rep. Robert Garcia has introduced a resolution to expel Republican Rep. George Santos from Congress, which could come up for a vote as soon as this week. The resolution has been met with mixed reactions, with some believing that Santos should be held accountable and others arguing that the resolution is too extreme. House Minority Leader Kevin McCarthy said that a House committee could come back to Congress faster than a court case.