🔥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. 📉

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. ⚖️

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. 🏛️

What are your thoughts on this? Is this a step in the right direction for crypto regulation? Let's discuss in the comments! 🗣️

And in other news, Bitcoin is hovering near $67,000. Keep your eyes on the market, folks! 🚀 #DeFi #Web3 #CryptoNews

P.S. This is a friendly reminder to always do your own research before investing in crypto. Stay safe out there! 💡