Weekend Wrap: BTC launderer gets 6-year sentence, Ulbricht thanks Trump, and more

Bitcoin launderer caught attempting to purchase luxury properties
British-Chinese woman Jian Wen was sentenced to six years and eight months in jail by London’s Southwark Crown Court on May 24 for laundering over $1 million worth of Bitcoin (BTC) connected to a $6.3 billion fraud in China.
Wen, a former hospitality worker, was apprehended after a local law firm’s Know Your Customer (KYC) questions arose when she attempted to buy multimillion-dollar properties in London, as reported by The Law Society Gazette.
She was convicted in March for participating in a money laundering arrangement.
Wen laundered Bitcoin for her ex-boss Yadi Zhang, who maintains her innocence. Wen was not implicated in the original fraud, according to the Financial Times.

Jian Wen. Source: Metropolitan Police
Wen’s lawyer, Mark Harries KC, argued that she was “undoubtedly duped and used,” but Judge Sally-Ann Hales KC asserted that Wen “knew, rather than merely suspected, that you were dealing in the proceeds of crime.”
Ross Ulbricht thanks Trump for pardon promise
Ross Ulbricht, the imprisoned founder of the online black market Silk Road, has expressed his gratitude to Donald Trump for promising to pardon him if re-elected.
“Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you,” Ulbricht wrote in a May 26 X post. His account is managed by his family, and he dictates posts from prison.

Source: Ross Ulbricht
Ulbricht has served ten years of his life sentence without parole after his 2015 conviction for operating Silk Road.
“We’re going to get him home,” Trump told a crowd at a Libertarian Party Convention.
Coinbase ‘Stand with Crypto’ lobbying effort expands to the UK
Coinbase’s crypto advocacy nonprofit “Stand with Crypto” has officially launched its first international branch in the United Kingdom.
In a May 24 blog post, Coinbase announced that its new British arm held a launch event at the U.K. Parliament attended by around 100 crypto industry professionals, investors, academics, and media.

Stand with Crypto U.K. launch event. Source: Coinbase
Coinbase claimed the U.K. is its “largest international market” with “over 6 million crypto holders.”
Earlier this month, Stand with Crypto launched a Political Action Committee (PAC) in the United States ahead of the country’s November presidential election.
Other news
Bitcoin miner Marathon Digital has partnered with Kenya’s Energy Ministry to utilize underused energy for mining rigs.
Pro footballer Cristiano Ronaldo has launched a fourth nonfungible token (NFT) collection with Binance, despite facing a class-action lawsuit in Florida over his previous collections.
Magazine: UK cannabis millionaire’s legal ‘deals on wheels’ via crypto

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