Attorney General Merrick Garland and Treasury Secretary Janet Yellen announce enforcement actions taken against Binance, the largest cryptocurrency exchange in the world.
Garland: "The Justice Department has secured felony guilty pleas from the world's largest cryptocurrency exchange Binance...The Justice Department is requiring Binance to pay $4.3 billion in penalties and forfeitures…Using new technology to break the law does not make you a disruptor, it make you a criminal.
Yellen: "We have taken the largest enforcement action in Treasury's history."
Full video here:
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By: C-SPAN
Title: Attorney General and Treasury Secretary on Cryptocurrency Enforcement
Sourced From: www.youtube.com/watch?v=uCTrwRudGhg