Snacks
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The Crypto Catch-Up…

Snacks / Friday, December 02, 2022
  • 🤔 Sus… Sam Bankman-Fried has been on a press tour, giving two interviews where he talked about the collapse of FTX and said he "did not try to commit fraud on anyone." Meanwhile, authorities say a prison sentence is possible for the former CEO.
  • 📱 Techy… Coinbase removed users' ability to send NFTs through its iOS app, saying Apple blocked its latest app release until it disabled the feature. The sticking point: Apple’s 30% “app tax,” which Coinbase says won't work with NFT gas fees.
  • 🌶️ Spicy… The Senate grilled Rostin Behnam, chair of the Commodity Futures Trading Commission, over FTX's bankruptcy and pending crypto regulation. Meanwhile, Treasury Secretary Janet Yellen called for stricter crypto oversight, citing (you guessed it) FTX.

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