Elon Musk faces uphill battle against SEC subpoena, experts say
Musk has a history of butting heads with the SEC, but his refusal to respond to a subpoena crosses a new line.
The value of SBF's $500 million investment in Anthropic could jump to more than $4 billion if the AI company secures new funding.
The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX.
Paul Grewal believes that if the U.S. keeps dithering on crypto regulation, the industry will meet the same fate as semiconductors.
The first week of the SBF trial has not gone very well for the former billionaire as former colleagues and friends have become key witnesses against him.
The FTX co-founder admitted to several instances of criminal activity in the exchange's dealings with Alameda Research and is fully cooperating with prosecutors.
Musk expressed confidence that regulatory changes were inevitable, 'estimating' a 100% probability of reform.