Do Kwon, a crypto entrepreneur who went on the run after the crash of two virtual currencies that he created, was escorted by Montenegro police in 2024.
Bitcoin has plunged more than 30 percent and Ether is down around 40 percent in recent months, as gains from President Trump’s pro-crypto policies evaporated.
David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
A mammoth data center is rising in Amarillo, Texas. Firms controlled by the Lutnick family have helped finance it, banking millions in fees in the process.
As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges.
Changpeng Zhao, the richest man in crypto, had admitted to money-laundering violations that allowed terrorists and other criminals to move money on Binance.
In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case.
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