Here’s what happened in crypto today By Cointelegraph

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Sam Bankman-Fried’s criminal trial is coming to a head after prosecutors laid down their final rebuttal to the defense. PayPal (NASDAQ:) says it has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin. Meanwhile, Hong Kong’s Web3 plans won’t be hamstrung by the region’s recent JPEX saga, an official said, and SafeMoon’s executive team was arrested and charged on multiple fraud counts.

SBF “lied to get customers’ trust,” prosecutor says

United States Assistant Attorney Danielle Sassoon presented the prosecution’s rebuttal to Sam Bankman-Fried’s defense on Nov. 2.

PayPal faces SEC action related to PYUSD stablecoin: Official

JPEX saga won’t hold back Hong Kong, says gov’t official

Hui discusses the government’s plans for its Web3 regulatory framework. (Cointelegraph/Tom Mitchelhill)