Ivu News

Ivu News

The Celebs Who Helped Sam Bankman-Fried—Until He Crashed

Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyWhen Sam Bankman-Fried began promoting cryptocurrency exchange FTX in earnest, he made a list of celebrities he wanted to flog the company, according to The New York Times. At the top of his list was former NFL quarterback Tom Brady.Now, Brady is on another list: celebrities being sued for promoting the now-bankrupt business.Bankman-Fried faces a long jail term if he is convicted of misappropriating some $8 billion in customer funds before his company went bankrupt last year. The former billionaire faces decades in prison if convicted on all seven charges.Read more at The Daily Beast.

Kevin McCarthy says he won’t run for House speaker again

Former House Speaker Kevin McCarthy said Tuesday he would not run for the leadership position again after he was ousted from the role Tuesday. CBS News congressional correspondent Nikole Killion unpacks McCarthy's comments. Plus, MIT political science professor Charles Stewart III looks at the historical trends that led to McCarthy's ouster.