Laura reports on the composed Sam Bankman-Fried and potential jurors with surprising crypto ties. The government's stance on a plea deal is clarified. A long list of potential witnesses from the crypto world is unveiled. Tune in for updates on the trial that could impact the crypto industry.

Sam Bankman-Fried, founder of FTX, faces a high-stakes trial for his role in the cryptocurrency exchange's downfall. The defense discusses the challenges of preparing while he is in jail. They explore whether SBF was offered a plea deal and the impact of intent on his charges. The defense considers arguing that SBF received poor legal advice. Analyzing charges including wire fraud and money laundering, they assess the likelihood of conviction. Potential sentencing outcomes for SBF are also discussed.

Crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner discuss the decline of U.S. crypto conferences, changing DeFi metrics, token economics, and legal issues surrounding NFTs. They also share advice for NFT founders on achieving success in a changing market.

The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights: Why SBF's lawyers keep requesting the FTX founder be released  Why the jury selection is so important and how long it could take Why the DOJ opposed the proposed questions for the jury  Why the Judge agreed with the DOJ in blocking some of the witnesses proposed by the defense team How the defense team may try to discredit some of the proposed witnesses Whether the argument of SBF receiving “poor legal advice” holds any ground What role the political donations made by SBF may play in the trial How many years SBF could face if he were to be found guilty Thank you to our sponsors! Crypto.com Arbitrum Foundation Hedera Toku Guest Nik De, CoinDesk's managing editor for global policy and regulation Previous appearances on Unchained: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days Why the Ooki DAO Case Could Hurt Participation in DAOs LinksPrevious coverage from Unchained on Sam Bankman-Fried and FTX: Why FTX Might Try to Claw Back Funds From Retail Customers The Chopping Block: Was FTX a Scam From the Very Beginning?  How Much Prison Time Is FTX’s Sam Bankman-Fried Facing?  Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater  Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC SBF’s defense team motions: Judge Denies Sam Bankman-Fried’s Request for Temporary Release U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release' Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying Key witnesses: SBF’s Expert Witnesses Barred From Testifying at Trial Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried? All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering Jury selection: Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge Learn more about your ad choices. Visit megaphone.fm/adchoices

Danny Yang and Bill Tai, creators of OnChainMonkey NFT collection, discuss the potential of Bitcoin as a medium for digital assets, including the benefits of its protocol. They explain why OnChainMonkey will move from Ethereum to Bitcoin and discuss Casey Rodarmor's proposal for the ordinals numbering system. They also explore the concept of recursive inscriptions and how to convince NFT creators to switch to Bitcoin.

The podcast discusses the FTX saga, focusing on clawing back funds from former affiliates to pay back creditors. They explore the chances of FTX winning in court against Sam Bankman-Fried's parents, the possibility of civil cases turning into criminal ones, and the likelihood of FTX pursuing retail clawbacks. The podcast also touches on investigations, lawsuits, and the challenges in the crypto industry.

Will Warren, cofounder of 0x Labs, delves into the CFTC's Wells Notice to 0x and how they worked with the CFTC to avoid violations. The podcast discusses the challenges of geolocalization, lack of regulatory clarity, and potential conflicts of interest. It also examines the incentives for building new infrastructure in crypto, distribution models, and tokenization's impact on regulation.

Zeke Faux, author of 'Number Go Up,' shares his journey into the world of crypto, investigating the bizarre and risky aspects of the financial revolution. Topics include Tether's investigation, SBF's approach to risk management, pig butchering scams in Cambodia, and the irrationality of projects like STEPN and Axie Infinity.

As Binance faces customer outflows, market share decline, and lawsuits, Steven Ehrlich discusses the challenges and future prospects. The collapse of FTX, the struggles of Binance.US, and the impact of the SEC's partial loss in the Ripple case are explored. The consequences of losing consumer trust, speculation around the sealed motion filed by the SEC, and the need for Binance.US to recover market volume for revenue growth are discussed.

Jeremy Allaire, Co-founder and CEO of Circle, discusses Circle's strategy, Coinbase's investment, stablecoin regulation, and partnerships. Topics include Circle's emergence from the banking crisis, native USDC launch on multiple blockchains, the purpose of cross-chain transfer protocol (CCTP), and Circle's response to Silicon Valley Bank's collapse.