Issue 52 – I am Sam's low-level culpability

Bitcoin has risen above $60,000, approaching its all-time high of about $69,000 from November 2021, but the newsletter contends the crypto industry has yet to fix the major problems that have plagued the sector. Media coverage this time feels different, with the New York Times' only recent crypto mention describing Sam Bankman-Fried's hope for a six-year sentence. His defense has requested 63 to 78 months in prison, calling the 100-year sentence reportedly recommended in the unfiled pre-sentencing report "grotesque."