đ„Hot off the press! Ex-FTX exec Ryan Salame, the alleged sidekick to FTX co-founder Sam "SBF" Bankman-Fried, is facing a potential 5-7 year prison sentence. This comes after the dramatic collapse of the FTX crypto exchange. đ
Salame pleaded guilty to some serious crypto crimes, including misusing FTX investors' funds. The prosecutors are calling for a "just punishment" that reflects the severity of his crimes. His sentencing is scheduled for May 28. âïž
Meanwhile, in the world of crypto regulation, U.S. lawmakers are backing a bill to clarify the roles of financial regulators in the oversight of digital assets. Rep. Wiley Nickel is calling for the passage of the FIT21 Act. đïž
What are your thoughts on this? Is this a step in the right direction for crypto regulation? Let's discuss in the comments! đŁïž
And in other news, Bitcoin is hovering near $67,000. Keep your eyes on the market, folks! đ #DeFi #Web3 #CryptoNews
P.S. This is a friendly reminder to always do your own research before investing in crypto. Stay safe out there! đĄ