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The encryption executive case is about to be sentenced, with the judge leaning towards 10-16 months of imprisonment.
Recent news shows that the judge has generally agreed with the probation office's recommendation of 10 to 16 months of imprisonment plus 1 to 3 years of supervised release. The court is currently hearing opinions from all parties, including the prosecution, defense, and the defendant's statements, in order to make a final ruling.
The direction of this case has attracted widespread attention. The prosecution had previously proposed severe penalties of 36 months in prison and a $50 million fine for the former executive of the cryptocurrency trading platform. However, the probation office recommended a significantly reduced sentence of just five months of probation in its report. Meanwhile, the defense is striving for house arrest or probation in an effort to avoid the defendant serving time in prison.
The final ruling in this case will have a profound impact on the entire cryptocurrency industry, and all parties are closely monitoring the court's decision. Regardless of the outcome, this will become an important milestone in the history of cryptocurrency regulation.