The US Department of Justice plans to drop charges against Matthew Goettsche, founder of BitClub Network

According to Bloomberg, the US Department of Justice plans to drop charges against BitClub Network founder Matthew Goettsche for a $722 million cryptocurrency scam. The case was originally scheduled to be tried in October, and Matthew Goettsche's legal team notified the judge on July 8th that the two parties had reached a principle agreement. The case has been delayed for seven years since its prosecution in 2019, and three co defendants have pleaded guilty. Matthew Goettsche formed a team of lawyers affiliated with the Trump administration to lobby, including Bradford Cohen and Brett Tolman.