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David Sacks has stepped down as a special government employee after exhausting the allowable 130 days. He will now focus on co-chairing the President's Council of Advisors on Science and Technology while his aggressive AI and crypto policy moves leave a messy legacy.
The UK has slapped financial sanctions on Xinbi Guarantee, a major Chinese-language crypto marketplace tied to scam compounds and billions in illicit transactions. Officials hope the move will choke off money flows, but Xinbi has been hard to kill.
A pair of Canadian brothers turned hundreds of Detroit homes into crypto tokens and pitched tiny slices of real estate to thousands of investors. The splashy idea ran into old-fashioned issues: leaking basements, missing smoke detectors, fires, and a city lawsuit.