Bank of America only gets a $1.2B fine for money laundering failings, while CZ served prison time for a lesser offense "Bank of America hit with $1.2 billion fine for money laundering failings. First of all, Elizabeth Warren, who I rarely agree with, wrote a tweet that was like, why isn't anybody in jail? I agree with her." "They take your money in the fees, and they pay them to the government when they get in trouble. This was Chinese money laundering, one of the worst things you can possibly do. $5 billion that people know about, probably a lot more, and they only get a $1.2 billion fine, and nobody goes to jail." "Meanwhile, CZ goes to jail in the United States for lesser crimes than the ones that are transparently being enacted by our very own banks, and nobody blinks an eye." "This is why we Bitcoin. This is why we built DeFi. This is why crypto and blockchain were created." "Biggest bank fines and settlements since 2000. This is only in this millennium. Bank of America has paid $88 billion in fines for money laundering and actual crimes. JP Morgan, $40 billion. UBS, $32 billion. Wells Fargo, $28 billion. Citigroup, $27 billion." "How do these entities continue to exist paying fines for criminal activity this large? It's absolutely astounding."