An FTX investor is reportedly suing the San Francisco Warriors for promoting the now-bankrupt crypto exchange.
Here’s the full story.
If we lost $750,000 we’d be pissed too.
The FTX fallout continues.
And looming crypto regulation has reached a cataclysmic peak.
At the center of it all is SEC Chair, Gary Gensler.
There are more details here.
One of the most significant updates still comes from earlier in November 2021. Parts of the Infrastructure Investment and Jobs Act stated crypto exchanges are the same as brokers. That means they have to send a Form 1099-B to traders and the IRS.
Take a look.
As of yet, there aren’t any major updates involving new laws since the FTX collapse. But we’ve got a feeling something big is on the way …