Crypto’s legal spotlight is blazing this week: CFTC slaps five-year trading bans on ex-FTX execs Caroline Ellison and Gary Wang for their roles in the collapse, a move tied to their cooperation — while Ellison already serves a two-year prison sentence. Meanwhile, a U.S. soldier faces charges of insider trading on Polymarket using alleged non-public info about Maduro’s ouster, with prosecutors pushing back against his motion to dismiss, arguing the law applies clearly despite defense claims of vagueness. Two very different cases, both revealing how crypto’s wild west is being tamed by regulators.
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