- Crypto influencer BitBoy faces another arrest, adding to his history of legal troubles, lawsuits, and public controversies.
- Armstrong’s arrest follows a warrant linked to emails sent to a judge, though the full details surrounding the case remain unclear.
- The SEC intensifies crypto regulation efforts, signaling a shift toward clearer guidelines through industry roundtables.
Crypto influencer Ben Armstrong, known as “BitBoy,” has been arrested in Florida. Volusia County Division of Corrections listed him as a fugitive from justice. Authorities took him into custody on March 25 at 7:18 p.m. local time.
Armstrong recently acknowledged an arrest warrant against him. On March 21, he stated on X that the warrant was due to emails he sent to Cobb County, Georgia Superior Court Judge Kimberly Childs. He was acting as his own attorney at the time. Armstrong also alleged that Judge Childs deleted her social media accounts because of these emails. However, details surrounding this claim remain unclear.
Recurring Legal Challenges
Besides this latest arrest, Armstrong has faced numerous legal battles. In September 2023, authorities arrested him while he was livestreaming outside the home of a former business partner. He claimed the individual had possession of his Lamborghini.
Moreover, He was implicated in a class-action lawsuit in March 2023 for allegedly endorsing Binance. According to the lawsuit, Binance sold securities that were not registered. Armstrong and co-defendant NBA player Jimmy Butler reached a $340,000 settlement in August 2024 without acknowledging any wrongdoing.
Additionally, Armstrong participated in a high-profile fight earlier this year. On February 24, he fought the pseudonymous memecoin developer “More Light” in Mexico. The fight took place at a Karate Combat event. Armstrong won by unanimous decision after three rounds. His opponent later stated there was no bad blood between them.
Regulatory Developments in Crypto
The U.S. Securities and Exchange Commission’s Crypto Task Force is increasing its push to regulate the industry. On Tuesday, the task force announced that it would host four more roundtables on regulating crypto assets. They will take place between April and June.
The topics will focus on tokenization and decentralized finance. Commissioner Hester Peirce emphasized these discussions. She stated they would help experts outline regulatory challenges and possible solutions.
The task force held its first roundtable last week at SEC headquarters in Washington. Panel discussions included securities attorneys and experts. This is a shift away from the previous “regulation by enforcement” policy. Instead, the SEC wants to establish more specific regulatory guidelines.
