Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again

Court decision against the SEC is still in limbo and Sam Baman freed is back in court yet again. Welcome to Coin Desk Daily. I'm your host, Jenna Bitcoin is holding steady around $26,000. After last week's massive sell off, this comes as Grayscale Chief legal Officer said there is still no court ruling on whether the SEC was unreasonable in refusing to grant a spot. Bitcoin ETF to the crypto asset manager. Grayscale and Coindesk are both owned by digital Currency group. Sam Bakeman freed is back in court for the first time since losing his bail. Earlier this month. The FTX founder pled not guilty again to fraud and money laundering charges tied to the collapse of his crypto empire. On Tuesday morning, Coindesk TV, spoke with former federal prosecutor, Bernardo Maria earlier about his legal assessment of the disgraced, former CEO. The problem with the Sam Bank defense free defense team is not the lawyers. It's Sam Bank Free. He is really making wrong very bad choices for himself. The Wall Street Journal is reporting the world's largest crypto exchange binance is helping Russian lenders facilitate transfers and handling quote substantial ruble trading volumes and quote. The publication also states the justice department is probing Binance in connection with possible violations of us sanctions on Russia. A spokesperson for Binance told the journal the exchange follows global sanctions rules. Coindesk reached out to Binance for comment but has not yet heard back and coin base is acquiring a minority stake in stable coin operator circle. The two companies also dissolved their center consortium partnership which issued us D coin. The world's second largest stable coin. As part of the move circle will bring is issue and governance of us DC. Fully in house six more blockchains will gain native support for us DC. Bringing the total number of supported blockchains to 15. That's a wrap for coindesk daily. Get more updates on coindesk dot com and we'll see you next time.