SEC filing: Coinbase Chief Product Officer Surojit Chatterjee leaves, as the company plans to restructure its product team into four divisions (The Block)

Nikhilesh De / CoinDesk:
Coinbase requests to file an amicus brief to support Ripple’s case against the US SEC, which sued Ripple for allegedly selling XRP as an unregistered security  —  The crypto exchange joins a trade group and other groups in arguing the SEC’s case threatens the broader industry.

Sander Lutz / Decrypt:
In a federal lawsuit against crypto influencer Ian Balina, the US SEC claims the entire Ethereum network falls under the US government’s purview  —  In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.

Meg Shen / Reuters:
Foxconn’s Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M  —  Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.

Nikhilesh De / CoinDesk:
Crypto lender Nexo says it will exit the US market altogether in the coming months and immediately halt access to its Earn Interest Product in eight states  —  Nexo will immediately suspend access to its Earn product in several U.S. states.  —  Crypto lender Nexo announced Monday …

U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their role in defrauding FTX’s investors at SBF’s direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …

Kurt Wagner / Bloomberg:
Source: Zuckerberg told staff in a weekly Q&A that Meta will freeze hiring, restructure some teams, and reduce budgets across teams, citing economic conditions  —  Meta Platforms Inc., the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities.