After listening to Moss outlining the problems at FTX and numerous fraudulent actions allegedly conducted by its former CEO Sam Bankman-Fried (SBF), the author of Rich Dad Poor Dad, Robert Kiyosaki, emphasized:

A little over one year ago, Solana peaked at a fully diluted valuation of over $138 billion. It sits at nearly a $7.6 billion fully diluted market cap today. So should it remain a top 20 crypto by valuation?

John Deaton, XRP holders’ lawyer highlighted that the only legitimate debate here regarding SBF jail is whether it should happen now or after some weeks. This will be decided after acquiring more specific evidence. However, several experts have suggested that there is a lot of evidence to jail SBF now.

Two weeks prior to declaring bankruptcy, FTX US reportedly gave $1 million to a Super PAC. A Senate Leadership Fund affiliated with the Republicans, one of the top spenders in the mid-term elections, and multiple other donations were made by the company’s executives.

While experts predict that SBF could likely face jail term over misuse of crypto funds, the onus is now on his political donations. XRP lawyer John Deaton said FTX can approach those who received its funds 90 days before it filed for bankruptcy. This could mean all the political beneficiaries of SBF can be hit with preference claims.

“I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and a few ecosystem founders I spoke with,” Polygon co-founder Sandeep Nailwal&nbsp;<a href="https://twitter.com/sandeepnailwal/status/1591157307152683008">said in a tweet</a> on Saturday.

US Congressman Tom Emmer has faulted the Securities and Exchange Commission (SEC)&nbsp;for failing to prevent the FTX collapse despite outwardly promoting tough crypto-focused rules.

NBA Dallas Mavericks owner Mark Cuban on Saturday said he isn’t giving up on crypto just because of the collapse of crypto exchange FTX. He believes FTX former CEO Sam Bankman-Fried may go to jail, but the crypto industry still has a lot of underlying value. On Monday, Mark Cuban started unfollowing many crypto Twitter accounts, with some believing that he is distancing himself from crypto.

The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been under the constant scrutiny of Congress for its approach towards the digital asset industry. The crypto market has witnessed the collapse of major tokens, exchanges and lending firms throughout the year.

Sam Bankman-Fried (SBF) led the FTX crash has caused a heavy dent in the digital asset market. As the FTX contagion is on a spread, the crypto community and leaders have called out watchdogs for letting SBF free till now. However, the XRP lawyer dropped his predictions over SBF’s possible arrest.