Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent

Gotbit founder Aleksei Andriunin has received an eight-month U.S. sentence after pleading guilty to wire fraud and wash-trading market manipulation. The court has put the firm on five years’ probation, ordered it to close, and seized about $23 million in crypto.
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There Is No ‘Easy Road’ For Regulation Despite CFTC’s Pro-Growth Stance, Commissioner Caroline Pham Says

Caroline Pham has clarified that the CFTC’s support for innovation does not weaken enforcement, warning crypto firms that fraud and theft will face prosecution. Her comments have come as four commissioners prepare to leave and Brian Quintenz awaits confirmation under the Trump administration.
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Donald Trump Pledges ‘Clear, Simple’ Onchain Rules Before Imminent GENIUS Act Vote

Donald Trump has vowed to make America the “crypto capital,” criticizing Biden’s approach and listing measures such as ending Operation Chokepoint 2.0, creating a Strategic Bitcoin Reserve and backing the GENIUS Act, which faces a Senate vote on June 17 amid questions over his stablecoin links.
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Charles Hoskinson Eyes $100M Treasury Shift – Will Stablecoins Rescue Cardano’s TVL?

Charles Hoskinson has detailed a proposal to convert $100M of ADA from the Cardano treasury into stablecoins and Bitcoin, saying added liquidity could draw broader DeFi use. He has proposed a sovereign-style fund with an elected board and regulated asset-manager partnerships.
 
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