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DOJ calls for 20-year sentence for Celsius founder Alex Mashinsky: CNBC Crypto World​

Apr 29, 2025 #CNBC #cnbctv

On today’s episode of CNBC Crypto World, major cryptocurrencies trade higher with ether climbing more than 3% to more than $1,800. Plus, the Department of Justice is seeking a 20-year prison sentence for former Celsius CEO Alex Mashinsky. And, Chris Maurice of crypto payments firm Yellow Card discusses regulatory developments around stablecoins in the United States.


10:44

Chapters:
00:00 - CNBC Crypto World, April 29, 2025
0:23 - Bitcoin climbs
0:36 - The headlines
3:54 - Yellow Card's Chris Maurice
 

Eric Trump warns banks could go extinct in 10 years if they don’t embrace crypto​

The Executive Vice President of the Trump Organization, Eric Trump, has warned that if banks don’t change the way they operate, they’ll be extinct in ten years. He made the remarks while also criticizing the modern financial system as being broken, slow, and expensive.

Eric Trump acknowledged that the current banking system favors the ultra-wealthy. He added that what got him into cryptocurrencies was when he realized the banking system was “weaponized” against the vast majority of people in the U.S.

More:

https://www.msn.com/en-us/money/mar...S&cvid=e72320b902804e69a2ae8fcd9aae6487&ei=41
 
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