Coinbase CEO says CLARITY Act will prevent another FTX collapse
Brian Armstrong made the case for the cryptocurrency legislation, which is scheduled for a Senate vote in September.
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Brian Armstrong made the case for the cryptocurrency legislation, which is scheduled for a Senate vote in September.
Ellison, a former top executive for Sam Bankman-Friend's crypto hedge fund, was sentenced Tuesday for fraud.
Lawyers for Sam Bankman-Fried claim in an appeal filed Friday that the imprisoned FTX founder was the victim of a rush to judgment by a public that wrongly believed he was guilty before he was even arrested.
Best-selling author Michael Lewis, who had unprecedented access to FTX founder Sam Bankman-Fried, is releasing a new afterword in the paperback version of "Going Infinite." He shares his thoughts on the trial's outcome and the controversy surrounding his portrayal of Bankman-Fried.
FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange collapsed. Yesha Yadav, associate dean of Vanderbilt Law School, joins CBS News to discuss how the payback will work.
Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol Barnett reports.
A judge sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison Thursday. A jury convicted the 32-year-old of fraud and conspiracy in November. CBS News national correspondent Errol Barnett reports.
Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trading platform FTX.
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for his role in the cryptocurrency fraud scheme that brought down his company and lost investors billions. CBS News' Errol Barnett reports.
Prosecutors wrote in a letter that evidence presented at a second trial would duplicate evidence already shown to the jury in the first trial.
From the rise of artificial intelligence to Elon Musk's rebranding of Twitter, 2023 saw major changes in the tech industry. CBS News senior business and tech correspondent Jo Ling Kent joins to look back at the year in tech -- and to discuss where the industry is headed in 2024.
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
The acclaimed author writes about FTX founder Sam Bankman-Fried in his new book "Going Infinite."
Sam Bankman-Fried, who oversaw the shocking collapse of cryptocurrency exchange FTX, could be sentenced to more than 100 years in prison after he was found guilty in one of the biggest fraud cases in U.S. history. Errol Barnett has more.
Sam Bankman-Fried's trial came to an end Thursday with the jury finding him guilty on all charges, including fraud, conspiracy and money laundering. CBS News national correspondent Errol Barnett was in court as the verdict was read.
FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. CBS News national correspondent Errol Barnett has more.
A Manhattan jury deliberated less than four hours before finding FTX founder Sam Bankman-Fried guilty of seven counts of fraud and conspiracy. Prosecutors are calling the $10 billion scheme one of the biggest financial frauds in American history. CBS News' Errol Barnett reports.
The former billionaire cryptocurrency mogul faces a potential prison term of more than a century following his conviction.
A jury Thursday night found FTX founder Sam Bankman-Fried guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. CBS News legal analyst Rikki Klieman and national correspondent Errol Barnett have more.
Closing arguments were underway Wednesday in FTX founder Sam Bankman-Fried's trial in New York. CBS News correspondent Errol Barnett has been covering the trial and has the latest on Bankman-Fried's testimony.
Jury deliberations are set to begin in the New York trial of FTX founder Sam Bankman-Fried. The jury will have to consider if Bankman-Fried's statements on the stand contradict evidence presented by the prosecution. CBS News national correspondent Errol Barnett has the latest as attention turns to the jury.
FTX founder and former crypto-billionaire Sam Bankman-Fried was cross-examined by federal prosecutors Tuesday in his fraud and money laundering trial. CBS News' Errol Barnett, who was inside the courthouse, reports.
Sam Bankman-Fried was back on the witness stand at his trial Tuesday as prosecutors argued he moved to protect his assets while FTX, his cryptocurrency exchange company, tumbled. CBS News national correspondent Errol Barnett reports on Bankman-Fried's testimony.
Sam Bankman-Fried will take the stand Thursday as he defends himself in a trial against seven charges. A number of Bankman-Fried's colleagues have testified against him in cooperation with prosecutors. CBS News national correspondent Errol Barnett has a preview of Bankman-Fried's defense.
Sam Bankman-Fried's ex-girlfriend is back on the witness stand facing cross-examination from the disgraced FTX founder's lawyers. Caroline Ellison has repeatedly told jurors Bankman-Fried was the mastermind behind the crimes that led to the company's downfall. CBS News national correspondent Errol Barnett has the latest.
President Trump insists the U.S. is "achieving a very big victory" as the Iran war nears the six-month mark, and he has "no specific timetable" to resume peace talks.
Flash floods tore through a valley in Nepal, sweeping away villages and hundreds of tourists, with Americans among the missing, authorities say.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Lindsay Clancy's murder trial in Massachusetts will wind down Wednesday with testimony from the prosecution's final rebuttal witness.
Country star Carly Pearce was working at Dollywood when she met Dolly Parton in the early 2000s.
Meta agreed to pay up to $17 billion to settle allegations that its social media platforms are addictive.
President Trump hasn't settled on a replacement for White House press secretary Karoline Leavitt, whose last day is Friday, according to administration officials close to the situation.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
Country star Carly Pearce was working at Dollywood when she met Dolly Parton in the early 2000s.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Medical device maker said it is working to assess the scope of the attack and business interruption.
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive.
Medical device maker said it is working to assess the scope of the attack and business interruption.
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
As a U.S.-Canada trade war sparks cross-border insults, Ontario Premier Doug Ford told CBS News he's hopeful the two sides can reach an agreement — but cautioned that "no deal is better than a bad deal."
Here's what travelers think about shared armrests, reclined seats and fellow passengers' use of tech on planes.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
President Trump hasn't settled on a replacement for White House press secretary Karoline Leavitt, whose last day is Friday, according to administration officials close to the situation.
A man with the same name as Alaska's incumbent U.S. Sen. Dan Sullivan has advanced to the general election
The attack brings the number of people killed in such strikes by the U.S. military in the eastern Pacific Ocean and Caribbean Sea to at least 227.
The Secret Service's chief of communications and two other staffers have been placed on leave pending an investigation into "potential misconduct," U.S. officials told CBS News.
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
The agreements, covering issues like drug pricing, reducing the use of synthetic food dyes, and cutting back on insurance prior authorization rules, were announced with fanfare and touted as victories.
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Prince Harry and Meghan, the Duke and Duchess of Sussex, are returning to the U.K. from California today, six years after their tumultuous departure, the BBC reports.
Flash floods tore through a valley in Nepal, sweeping away villages and hundreds of tourists, with Americans among the missing, authorities say.
The attack brings the number of people killed in such strikes by the U.S. military in the eastern Pacific Ocean and Caribbean Sea to at least 227.
President Trump insists the U.S. is "achieving a very big victory" as the Iran war nears the six-month mark, and he has "no specific timetable" to resume peace talks.
Authorities in Islamabad, Pakistan, say a fire caused by an air-conditioning unit exploding in a major hospital nursery ward killed 14 newborns.
Country star Carly Pearce was working at Dollywood when she met Dolly Parton in the early 2000s.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Megan Park, who started her career as an actress on the show "The Secret Life of the American Teenager," sits down with "CBS Mornings" to discuss creating the new series "Sterling Point."
Country star Lauren Alaina joins "CBS Mornings" to talk about Dolly Parton's impact on her career, the best advice she received from the music icon and why she was beloved.
Country music singer and beloved humanitarian Dolly Parton died at age 80. CBS News' Nicole Valdes takes a look at her legacy and impact on the music industry.
SpaceX plans to develop its fourth-largest launch site in Louisiana. Governor Jeff Landry explains why he supports the project and comments on a newly redrawn congressional map.
Medical device maker said it is working to assess the scope of the attack and business interruption.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Ring camera founder Jamie Siminoff joins "CBS Mornings" to announce the company's new privacy measures as public concern ramps over security camera surveillance and the use of AI.
A plant in Southaven, Mississippi, that powers Elon Musk's SpaceXAI data centers in the area has sparked backlash from residents concerned about noise and air pollution.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
The prosecutors in the Lindsay Clancy murder trial are wrapping up their rebuttal testimony. CBS News legal contributor Rebecca Roiphe has more analysis.
Lindsay Clancy's murder trial is nearly over. A forensic psychiatrist called by the prosecution testified that he thought there were inconsistencies in Lindsay Clancy's account of her mental health the night her three children were murdered. CBS News' Shanelle Kaul reports.
The victims represented four generations of the blended family, ranging from a great-grandmother in her 90s who used a wheelchair to a 7-year-old girl, a neighbor said.
U.S. Marshals say 22-year-old Zymire Hughes was arrested Tuesday night in Las Vegas, Nevada.
A Texas judge is hearing arguments on who has the legal right to make medical decisions on behalf of a baby with a heart defect who was carried to term by a surrogate against the biological parents' wishes. Harry Nelson, a healthcare attorney, joins "The Daily Report" to discuss.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
SpaceX plans to develop its fourth-largest launch site in Louisiana. Governor Jeff Landry explains why he supports the project and comments on a newly redrawn congressional map.
Pennsylvania confirmed two deaths linked to measles. This comes as the Centers for Disease Control and Prevention tracks record-high measles cases in the U.S. Dr. Céline Gounder has more information.
ENCORE: After her husband is found dying at the foot of the stairs, a woman accused of murder fights to clear her name. "48 Hours" correspondent Peter Van Sant reports Saturday, August 29 at 10/9c on CBS and streaming on Paramount+.
The Federal Reserve may soon consider raising interest rates after new data showed inflation didn't change from June and is higher than expected. CBS News contributor J.D. Durkin has more information.
U.S. trade talks with Canada fell apart. Now, Canada will levy retaliatory tariffs on the U.S. in reaction to President Trump's heavy tariffs. CBS News' Aaron Navarro has more.