Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison.

Traders cut risk ahead of Wednesday’s Federal Reserve decision on interest rates, and a long-awaited crypto policy report from the White House.

Strategy bought over 21,000 Bitcoin after raising $2.5 billion from a preferred stock offering, the largest initial public offering in the US this year.

The company plans to offer the most popular US stocks as ERC-20 tokens on the Ethereum network, enabling 24/5 trading and DeFi integration.

XRP futures data shows neutral sentiment despite the altcoin’s double-digit price drop from $3.66.

If passed, the legislation could give more weight to a US housing regulatory agency’s June order to consider certain digital assets for mortgage loan risk assessments.