Binance and former CEO Changpeng “CZ” Zhao struck a landmark deal with U.S. prosecutors last week that will see the company pay $4.3 billion—one of the biggest fines in corporate history—and at least one lawmaker is touting that as evidence the U.S. doesn't need new laws for crypto.
House Majority Whip Rep. Tom Emmer (R-Minn.) said in a recent post on X, formerly Twitter, that the current regime governing cryptocurrencies is just fine, a contrary stance to what some lawmakers, including in his own party, and most cryptocurrency advocates believe.
