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COINDESK DAILY: Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict; CME's Plan for Spot Bitcoin Trading
May 16, 2024
Tornado Cash developer Alexey Pertsev appeals guilty verdict in a money laundering case. CME plans to offer spot bitcoin trading. Rep. Patrick McHenry weighs in on upcoming crypto regulation vote.
01:23
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Quick takeaways
- Tornado Cash developer Alexey Pertsev appeals guilty verdict for money laundering, facing potential 64-month prison sentence.
- CME plans to introduce spot bitcoin trading to cater to rising market demand, but concerns exist about institutional preference for unregulated platforms.
Deep dives
Appeal Filed by Tornado Cash Developer
Tornado Cash developer Alexi Pertzev has filed an appeal with the Dutch court after being found guilty of money laundering, facing a sentencing of 64 months in prison. The court is yet to confirm if the appeal is approved, and the first hearing may take months to schedule. Pertzev could potentially request to wait for the appeal trial at home, hinting at the legal process ahead.
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