The U.S. budget might be getting a makeover with blockchain. Robert F. Kennedy Jr., the candidate running for president, wants to put the entire U.S. budget on the blockchain.

This wild idea would make the budget more transparent, and every American would check any budget item anytime they wanted.

On a different note, the 4th Bitcoin halving happened last week, but the price of BTC hasn't made any crazy moves. Still, some experts believe it'll eventually hit $100k or even $1 million.

And, as usual, there's been a lot of legal and regulatory action in the crypto world this week. Follow along as we delve into the top six news stories we found most interesting over the last seven days

For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegaexchange) on Twitter for more on all things cryptocurrency.

TOP CRYPTO NEWS RECAP (April 21–April 27, 2024)

●      Do Kwon Challenges Court Decision on Extradition in Montenegro

●      SEC Delays Decision on Franklin Templeton’s Ether ETF

●      Mt. Gox Updates Repayment Schedule for Creditors

●      Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges

●      U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao

●      Crypto Groups Sue SEC Over Expanded "Dealer Rule"

Do Kwon Challenges Court Decision on Extradition in Montenegro

Do Kwon, co-founder of Terraform Labs, has appealed a Montenegrin high court's decision that could allow the Justice Minister to decide his extradition to the U.S. or South Korea. Kwon's legal team contends the ruling is "unfounded and illegal." The extradition issue has been entangled in the Montenegrin judicial system, shifting between various courts as Kwon faces charges related to Terraform's collapse.

SEC Delays Decision on Franklin Templeton’s Ether ETF

The SEC has extended its deadline to June 11 to decide on Franklin Templeton's application for a spot in Ether ETF on the Cboe BZX Exchange. This additional 45-day period allows the commission more time to review the proposal to list and trade shares of the Franklin Ethereum Trust, following their previous landmark approval of spot Bitcoin ETFs.

Mt. Gox Updates Repayment Schedule for Creditors

Mt. Gox creditors now have updated information on their claims accounts, detailing the expected Bitcoin, Bitcoin Cash, and fiat repayments. This update, reflecting entries of both completed and pending repayments, marks significant progress in the long-awaited compensation process. The updates signal upcoming disbursements, continuing the rehabilitation efforts following the platform's collapse because of a massive security breach in 2014.

Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges

The co-founders of Samourai Wallet, a cryptocurrency mixer, were arrested by the U.S. Department of Justice for allegedly facilitating over $100 million in money laundering through illegal transactions totaling $2 billion. CEO Keonne Rodriguez and CTO William Hill face charges of money laundering and operating an unlicensed money-transmitting business. Their arrests on April 24 led to a sharp downturn in cryptocurrency markets, highlighting increased regulatory scrutiny on crypto mixers.

U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao

U.S. prosecutors have recommended a 36-month prison sentence for Binance founder Changpeng Zhao following his guilty plea for money laundering charges. This sentence, which exceeds federal guidelines, along with a $50 million fine, is deemed necessary to address the severity of Zhao’s actions. Zhao’s sentencing is scheduled for April 30.

Crypto Groups Sue SEC Over Expanded "Dealer Rule"

The Blockchain Association and the Crypto Freedom Alliance are suing the SEC to challenge the expanded "Dealer Rule," which they claim stifles U.S. digital asset market innovation. They argue the SEC exceeded its authority with the rule's broad definition, creating an onerous regulatory framework that could drive digital asset companies overseas and deter American innovation. They seek to overturn this expansion under the Administrative Procedure Act. 

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