The Justice Department announced the seizure of nearly $9 million worth of Tether from a crypto scam organization. According to DOJ, the organization exploited over 70 victims through romance scams and crypto confidence scams, widely known as "pig butchering." Tether also froze $225 million in USDT tokens at the request of the US Secret Service to aid the investigation.

The SEC sued crypto exchange Kraken for allegedly failing to register with the agency as a securities exchange, broker, dealer, and clearing agency, while taking in billions of dollars in fees and trading revenue. The SEC's complaint also alleges that Kraken commingles its costumers' money with its own, including paying operational expenses directly from accounts that hold customer cash. Sen. Cynthia Lummis (R-WY) tweeted a statement criticizing the SEC’s lawsuit.

Attorney General Merrick Garland is scheduled to hold a press conference at 3 PM on November 21 to announce “separate but related cryptocurrency enforcement actions,” according to the Justice Department. The announcement will involve the proposed $4 billion settlement with Binance.

The Justice Department is seeking more than $4 billion from Binance Holdings Ltd. to end a years-long criminal investigation into the exchange. The proposed deal between DOJ and Binance includes the possibility that founder Changpeng Zhao would face criminal charges in the US to resolve the probe into alleged money laundering, bank fraud, and sanctions violations.

Fidelity filed a spot ETH exchange-traded fund (ETF) application with the SEC, following another recent ETH ETF application from BlackRock.

New York Governor Kathy Hochul (D) vetoed Assembly Bill A954. The legislation would have created a task force to study the effects of the use of crypto and blockchain, including their impact on state and local tax receipts.

The IRS Criminal Investigation division is set to open the Advanced Collaboration and Data Center (ACDC) in spring 2024. The data facility will focus on combating crypto and cyber crimes, and will be located in Northern Virginia.

The US Attorney’s Office for the Eastern District of Virginia announced that Rayan Sharaf was sentenced to 2 years in prison for defrauding three crypto trading platforms out of more than $300,000

The SEC deferred making a decision on spot BTC exchange-traded fund (ETF) applications from Franklin and Global X