Prosecutors have been using this charge in crypto cases for years but not, as yet, in a forum as prominent as the current FTX trial. Nevertheless, a § 1960 charge carries felony penalties and significant exposure under the federal asset forfeiture laws, all without reference to fraud and, importantly, without any concern for whether the transmission of value is in the form of a “security,” “commodity” or “currency.”
State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF (IBIT)
The investment board, also known as SWIB, was founded in 1951 and currently manages more than $156 billion in assets,...