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FTX Former Executives Reach Settlement with SEC, Face Long-Term Ban

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The U.S. Securities and Exchange Commission announced that three former FTX executives have settled enforcement actions, facing long-term industry bans. The settlement includes a 10-year ban for Caroline Ellison and 8-year bans for two others, alongside a five-year conduct restriction. The move aligns with broader efforts in Countering the Financing of Terrorism and reflects ongoing regulatory scrutiny. The crypto ban debate continues as enforcement actions intensify.
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