The lack of comprehensive regulation of cryptocurrencies is felt all around the world. While investors are suffering losses due to crypto companies being beaten by the courts, uncertainty is being used as a weapon, especially in the US. The Biden administration has been working with the SEC for years. crypto money He blindfolds his companies and accuses them of not walking the right path.
US Should Act on Crypto
The last person to say this Binance She was the wife of Tigran, the stock exchange’s executive who is under arrest in Nigeria. He is accused of laundering $35 million worth of money. Binance Tigran Gambaryan, its director, has been in prison for a long time. A former employee of the US Internal Revenue Service (IRS), Tigran has been behind bars for 7 months. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Gambaryan, whose health is deteriorating, is being held in custody on trial due to being a “flight risk.” His request for release on bail was rejected in May. Tigran’s wife, Yuki Gambaryan, says that since he is not in good health, this injustice could make his situation worse and that he could suffer permanent health problems.
“The U.S. government must do more to help Tigran. The government must recognize the risk of permanent health problems and use all available tools to secure the release of an innocent American. I am also deeply concerned by recent statements by Nigerian officials denying Tigran’s health issues.”
Binance and Nigeria
Gambarian in 2021 Binance He joined the stock exchange as the chief compliance officer. Especially after CZ’s statement that “we will be proactive in terms of compliance with the law” at the end of 2021, we saw many former IRS, CFTC employees starting work in the stock exchange. Gambaryan was one of them and worked in the Internal Revenue Service for 10 years.
The Nigerian government accuses Binance executives of money laundering and accuses the exchange of being responsible for the exchange rate fluctuations. The Nigerian government believes that Binance is responsible for the extremely volatile exchange rate this year. In March, the government demanded $10 billion in compensation from Binance.
US Congressmen French Hill and Rich McCormik introduced a resolution in the House of Representatives two months ago calling for Gambaryan to be officially designated as a hostage. The Nigerian government’s ill-intentioned stance, blaming the exchange rate on the stock exchange and demanding ridiculously high compensation support the idea that Gambaryan’s wife’s concerns may be legitimate.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
