Crypto influencer Ben Armstrong, known as BitBoy, has been arrested in Florida. This marks another incident in his series of legal troubles and public conflicts.
Circumstances of the Arrest
Ben Armstrong was arrested in Volusia County, Florida, being listed as a fugitive from justice. He was taken into custody on March 25 at 7:18 p.m. local time. Armstrong recently acknowledged an arrest warrant due to emails sent to Cobb County Superior Court Judge Kimberly Childs while acting as his own attorney. The details of this case remain unclear.
Ongoing Legal Challenges
Apart from this arrest, Armstrong has faced numerous legal issues. In September 2023, he was arrested while livestreaming outside a former business partner's home over the alleged possession of his Lamborghini. In March 2023, he was involved in a lawsuit for allegedly promoting Binance, which sold unregistered securities. Armstrong and NBA player Jimmy Butler settled the case for $340,000 in August 2024 without admitting any wrongdoing. Additionally, Armstrong participated in a high-profile fight in February, winning against developer More Light.
Developments in Crypto Regulation
The U.S. Securities and Exchange Commission is ramping up efforts to regulate the crypto industry. The Crypto Task Force announced plans to host four more roundtables on crypto asset regulation from April to June, focusing on tokenization and decentralized finance. These discussions aim to outline regulatory challenges and potential solutions.
Crypto influencer BitBoy continues to face legal battles as the SEC moves towards clearer regulatory guidelines for the crypto sector.
