Changpeng Zhao, former CEO of Binance, pleaded guilty on November 21, 2023, to violating the U.S. Bank Secrecy Act, according to the Department of Justice. Binance agreed to pay $4.3 billion in penalties. The case marks the first criminal prosecution of a chief executive at a major cryptocurrency exchange.

Coinbase CEO Brian Armstrong announced the x402 protocol on November 2, enabling stablecoin payments to integrate directly with web requests. The protocol's ecosystem has surpassed $1.19 billion in market cap, with transaction volume exceeding 932,000 within one week of launch. Armstrong described the growth trajectory as "crazy," reflecting strong early engagement.

Tether CEO Paolo Ardoino told Bloomberg the company expects to generate $15 billion in profit during 2025 with a 99% margin. The stablecoin issuer is advancing regulatory discussions in the United States. The company has confirmed it will not pursue a public offering.