California woman gets 18 months for hiding $2.6 million tied to crypto criminal

Crypto Insight Summary: On Monday, a woman from California was sentenced to 18 months in a federal prison after she did not disclose income of over $2.6 million, which was made from illegal activities, which just shows how crimes related to cryptocurrency can have legal repercussions well beyond the blockchain. Iris Au, 37 years old, lived in Irvine... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal action against individuals has limited market-wide impact.