Sam Bankman-Fried Should Get 40 to 50 Years in Prison, Prosecutors Say
Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.
Bitcoin’s price surged above $69,000, breaking the record the digital currency set in November 2021 when the crypto industry was booming.
Pushed by an advocacy group, Arkansas became the first state to shield noisy cryptocurrency operators from unhappy neighbors. A furious backlash has some lawmakers considering a statewide ban.
Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the U.S.
The products, known as exchange-traded funds, were approved by federal regulators this week, a watershed moment for the crypto industry.
The best tech, from universal power charging to foldable phones, solved practical problems. But the worst tech, including self-driving cars and cryptocurrency, put us in harm’s way.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
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