Ron DeSantis continues to defend newly approved curriculum guidelines in Florida instructing students to learn that enslaved people “developed skills” that could be “applied for personal benefit”. “That means they developed skills in spite of slavery, not because of slavery,” the governor told NBC News in a recent interview that aired on 7 August. “It was them showing resourcefulness and then using those skills once slavery ended,” he added. Mr DeSantis, who is seeking the Republican nomination for president in 2024, has dismissed criticism from Vice President Kamala Harris and Democratic and Republican members of Congress urging Florida officials to amend the state’s African American history standards and reflect an honest history of race and racism in school curricula. The vice president has also rejected an invitation from Mr DeSantis to “discuss” the standards, telling a crowd in Orlando earlier this month that “there is no roundtable, no lecture, no invitation we will accept to debate an undeniable fact: there were no redeeming qualities of slavery.” Mr DeSantis had previously stated he “wasn’t involved” with the guidelines approved by the state’s appointed Board of Education. He said the standards are “probably going to show some of the folks” – enslaved people – “that eventually parlayed, you know, being a blacksmith into doing things later in life.” The development of such “skills” would not have benefited the millions of enslaved people in the US in the decades before slavery’s abolition. Another controversial guideline instructs high schoolers to be taught that a massacre in the state led by white supremacists against Black residents to stop them from voting in 1920 included “acts of violence perpetrated against and by African Americans.” “Adults know what slavery really was. It involved rape, it involved torture, it involved taking a baby from their mother, it involved some of the worst examples of depriving humanity of people in our world,” Ms Harris said in her remarks in Jacksonville last month. South Carolina Senator Tim Scott, the only Black Republican in the Senate, echoed Ms Harris in his criticism of the standards, stressing that slavery was defined by “separating families, about mutilating humans and even raping their wives”. “It was just devastating,” said Mr Scott, who is also seeking the 2024 Republican nomination. “So I would hope that every person in our country – and certainly running for president – would appreciate that.” Mr DeSantis told NBC in response: “Don’t take that side of Kamala Harris against the state of Florida. Don’t indulge those lies.” The new standards join the governor’s overhaul of public education and a “parents’ rights” agenda that targets honest lessons on race and racism and gender and sexuality, which the governor told NBC amounts to “indoctrination”. “Those standards were not political at all,” he added. “The legislature didn’t dictate any of that. [The] governor’s office didn’t dictate anything of that.” Last week, before thousands of high school students enrolled in advanced placement courses begin classes for the 2023-2024 school year, the DeSantis administration criticised the College Board’s warning that Florida education officials had “effectively banned” AP Psychology courses in the state under the Parental Rights in Education Act, what opponents have derided as the “Don’t Say Gay” law. Read More Ron DeSantis admits ‘of course’ Donald Trump lost the election DeSantis blasted for ‘un-American’ restrictions on AP psychology course under ‘Don’t Say Gay’ law Why Florida’s new curriculum on slavery is becoming a political headache for Ron DeSantis

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Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.

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