The recent developments with CZ and Binance are surprising. Do you think BlackRock's influence is connected to Bitcoin ETF approval?
Just enjoy the development and don't be surprised if there are many things we will see during this journey, for example intense lobbying to approach the SEC to get approval for a Bitcoin ETF. However, there are many crypto market players out there who have hopes that the SEC will quickly give approval. Bitcoin ETF early next year to increase Bitcoin's legitimacy as an investment asset.
When I was making another post, I decided to mention Binance, which caused me to do a quick search in regards to CZ's sentencing that was supposed to happen this month, but it appears that right around 5 days ago (which would have been Tuesday, perhaps) the sentencing (which was supposed to take place on 2/23) was put off by a couple of months until April 30.
https://www.ccn.com/news/binance-founder-czs-sentencing-pushed-back-reasons-unknown/Also, apparently on Friday (yesterday) there was some kind of sentencing memo that was issued in which prosecutors were making some requests regarding CZ's and perhaps Binance's sentencing, but I could not find any link to the sentencing memo.
https://cryptoslate.com/us-prosecutors-ask-judge-to-approve-binance-plea-deal/I also did a quick search to see if the SBF's sentencing had been delayed, and apparently SBF is still on schedule and there is ongoing speculation that he might be able to get a reduced sentence based on recovery of funds.. .. and yeah, that is truly speculation at this point.
https://www.coindesk.com/policy/2024/02/16/sam-bankman-frieds-sentence-might-be-lighter-than-youd-expect/
