SBF jailed... for up to 115 years??🤞
PLUS: 🏛 White House won't comment on FTX donation but 🍎 Apple making exception for crypto.
Headlining…
Most important news of the past week:
🪄 Largest NFT marketplace on Solana, Magic Eden, to launch rewards program.
😯 White House won’t say if it returned campaign donations from SBF to Pres. Biden.
✋ New Bill by Sen. Warren targets Self-Custody Wallets.
🍎 Apple may open up ecosystem, allowing for external IOS apps and helping Mobile Crypto.
Social Proof…
Key cases of adoption over the past week:
👛 Metamask will now let you buy ETH with Paypal.
Why this Matters: Metamask has integrated with Paypal to let people buy Ethereum straight from their Wallet. While this continues the trend of big brands moving deeper into crypto amidst the winter, it also showcases a push for Wallet experiences to potentially compete with large exchanges.
📈 SBF Arrested in Bahamas, to be extradited to the States and facing 115 years in prison.
Why this Matters: This past Monday, FTX’s former CEO, Sam Bankman-Fried, was arrested in the Bahamas and is being held on an extradition order. Charged with 8 cases of wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, he is facing up to 115 years though experts expect a 10 year sentence. SBF’s arrest signals a step in the right direction to ending this media cycle, and hopefully restoring the industry’s reputation in the process (at least a bit).
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115 years = not long enough!