Early lessons for crypto from the SBF case

<p>This week, the star witness in the fraud trial of FTX&#8217;s Sam Bankman-Fried took to the stand: Caroline Ellison, former head of trading firm Alameda Research and on-and-off romantic partner of SBF. We unpack what we&#8217;ve learned about the relationship between Alameda and FTX and what it could mean for investors and regulators going forward. Later: Holiday shopping is beginning. Already.</p>