Cuomo & Crypto: A High-Stakes Counsel Role

Former New York Governor Andrew Cuomo has reportedly advised cryptocurrency exchange OKX during a federal probe ordeal. OKX faced charges for operating without a license, violating U.S. Anti-Money Laundering laws. They pled guilty and are set to pay $505 million in fines. Cuomo’s guidance included executive advice and led to appointing former U.S. Attorney Linda Lacewell to OKX's board. CEO Star Xu (@Star1Xu) vowed for global compliance post-investigation, aiming to make OKX a regulatory exemplar in the crypto market.