SBF's cohorts at FTX take last SEC hit, Ellison banned from company roles for decade

Recent actions from the SEC have determined that top FTX executives, particularly Caroline Ellison, will face a decade-long prohibition from financial roles. This ruling is part of final legal measures against the problems facing FTX. Ellison played a key role in FTX, where she served as CEO of Alameda Research, which had a reciprocal influence with FTX. The SEC has been vocal about the wrongdoings connected to FTX’s operations, pursuing action against Ellison for her involvement. Gary Wang and Nishad Singh have received similar judgments. These rulings hint at tightening regulations in the cryptocurrency space and increased scrutiny on involved players, suggesting that stakeholders must rethink their strategies to adapt to new regulations and work on restoring investor confidence.