DOJ Drops Campaign Charge Against SBF 🧾

GM. This is Degen Scoop. It’s Friday, here’s the scoop:

• DOJ Drops Campaign Charge Against SBF 🧾

• Tokenized Securities Coming to EU 🇪🇺

• Crypto Transfers via Twitter 🐦

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

The DOJ Doesn’t Intend to Follow Through on Campaign Charge Against SBF

On Wednesday, the DOJ communicated to the court that it would not proceed with the campaign charge against SBF. The reason behind this is that this charge was not included due to “treaty obligations” with The Bahamas. While the odds are against SBF, one less charge to deal with in litigation helps ease their case.

It would seem that illegal campaign contributions paid off. While some of the donations were returned, the intended effect was achieved. In total, Sam initially faced 12 charges if you include the campaign charge that was dropped. SBF is far from being in the clear as there are still 11 criminal counts needing to be fought in court.

Securitize Bringing Tokenized Securities To The EU

Securitize already operates within the U.S. borders but is expanding towards Europe where it intends to release tokenized securities. Just a couple days ago, we spoke about the Binance RWA report and the increasing relevance of tokenization. While it may not be the most sexy topic in the real world, it is becoming a more important narrative as time passes.

Even Larry Fink made the claim that “the next generation… will be the tokenization of securities.” While the tech and understanding might not be quite there for the average individual, it will improve with time as everything does. Given Fink’s statements, it makes sense why they frontran the narrative with their spot Bitcoin ETF. Securitize conducts tokenization on the Avalanche blockchain.

Suku Enables Crypto Transfers With Just A Twitter Account

Suku is a new crypto wallet that simplifies crypto ownership for users by allowing them to do everything from a Twitter account. In this way, a Twitter handle is effectively an individual’s wallet. The solution may not be perfect, but every UX improvement gets us closer to the goal of simplified crypto ownership for the masses.

Months of speculation have passed wondering whether Elon would do the job himself, but Suku took care of it themselves. Suku’s tweet-to-mint campaign for a free NFT on Polygon was also a stroke of genius. We’re not of the opinion that this would be the best choice for power users, but if we’ve learned anything in the past month it’s that $UNIBOT has shown simplicity wins. Embrace change.

Notable NFT Sales in the Last 24 Hours:

Notable Threads You May Have Missed:

Meme of the Day

If you think your memes are better, submit them to the newsletter and get featured for your work!

Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

Thank you for reading, if you enjoyed this please subscribe if you haven’t already! If you’ve already subscribed, please consider sharing this!

DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.