Issue 56 – What are you gonna do, arrest me?

Molly White's newsletter covers several crypto legal developments and market observations in April 2024. Bitcoin transaction fees spiked after the halving and the Runes launch, with a single block spending 37.626 BTC (about $2.4 million) on fees and average fees around $32, up from $10 to $20 before the halving. Changpeng Zhao's sentencing is set for April 30, with the DOJ requesting 36 months and Zhao's lawyers requesting probation, while the SEC seeks $4.74 billion in disgorgement from Terraform Labs and Do Kwon.