BTCUSD Today: January 03 – Drake RICO suit spotlights crypto gambling risk
The Drake RICO lawsuit is moving crypto gambling into the policy spotlight. A Virginia class action alleges Drake and others promoted an online casino and used proceeds convertible into crypto to buy artificial streams. For Canadians, this touches advertising rules, AML controls, and on‑ramp risk. We track BTCUSD alongside legal headlines because compliance shocks can hit liquidity and spreads. Below we explain what the case claims, why it matters in Canada, how Bitcoin looks technically, and practical steps to reduce risk now.
What the Drake RICO lawsuit alleges
Plaintiffs say Drake and others promoted Stake.us for real‑money social gaming and funneled proceeds, convertible into crypto, to inflate streaming figures. The filing…
