According to BlockBeats, on July 31, as reported by Decrypt, the two co-founders of the cryptocurrency mixing service Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, face a maximum of 5 years in prison after pleading guilty to conspiring to operate an unlicensed remittance business on Wednesday.
As part of the plea agreement, the U.S. Department of Justice agreed to dismiss more serious money laundering charges - which could carry a maximum sentence of 20 years in prison according to the Department of Justice's sentencing guidelines. The charges of illegal remittance services could carry a maximum sentence of 5 years in prison.
Initially, both defendants pleaded not guilty to the charges, but court documents show they have changed their plea stance.