we have blockchain associations kristin smith.o break let's take a look at how bitcoin has performed since sam's arrest. since ftx filed for bankruptcy near-term performance but just shy of 18,000 u.s. dollars the token. this is bloomberg. ♪ palo alto networks >> the ftx groups collapse stands for absolute concentration in the hands of a small group of grossly experienced and unsophisticated individuals. >> it appears to have the hallmarks of enron and bernie made off lended together named sam bankman-fried. >> the antithesis of anything permitted and regular to markets. >> failed to have any systems or controls necessary for a company entrusted with other people's money or assets. >> justice seems to be in process which is welcomed by those in the crypto industry. >> as more information comes to late i suspect there will be a chance for more people under him the microscope. >> this is not for sophisticated whatsoever. this is plain old embezzlement. caroline: busy today in the u.s.. district attorney damien williams calling the f

ed: blockchain association executive director kristin smith. thank you.up why the leaderboard of bloomberg index shifted. this is bloomberg. ♪ caroline: going viral today is the new lineup of the world's billionaires index. elon musk was dethroned as the world's richest person. the founder of inman h has took it instead. he is worth only 167 million. his drop is the world richest came as tesla's market fell low 500 billion since the first time -- in the first time since mid-2020. this is a concern with elon musk's running twitter and his focus on his businesses. and that increasing valuation and spacex. ed: this is the first time he has dropped from the number one spot. he's been number two since september of last year. we use this as a proxy but it is interesting the valuation and spacex goes up because their fate are clearly tied. caroline: it is interesting we have basically a focus on luxury and a focus on technology. they are the names that dominate and terms of wealth. and they are led by white males in the index and we hope that will change in the

brown jackson were trying to illustrate further justices and the public to try and press smith's lawyer, kristinagoner. it boiled down to there are two quotes to boil it down. justice sonya sotomayor said "we are going to carve out an exemption from antidiscrimination laws for the first time if we rule for smith." and then chief justice john roberts said "if we do not rule for smith we would be compelling speech in violation of someone's beliefs for the first time." it seems like they were sympathetic and they perhaps be inclined to draw a line between service providers like website designers and artists. and on the other hand people were part -- people who are providing services to same-sex weddings like the guy who provides the chairs or the limo driver because that is not speech. host: that term was used a bunch of time, compelled speech. what does that mean? guest: when the government forces you to say something with which you disagree. and the government would have to pass a very high bar to do that and they say it is not met here. host: in essence it boils down to mayor making a first amen

brown jackson were trying to illustrate further justices and the public to try and press smith's lawyer, kristin wagoner. it boiled down to there are two quotes to boil it down. justice sonya sotomayor said "we are going to carve out an exemption from antidiscrimination laws for the first time if we rule for smith." and then chief justice john roberts said "if we do not rule for smith we would be compelling speech in violation of someone's beliefs for the first time." it seems like they were sympathetic and they perhaps be inclined to draw a line between service providers like website designers and artists. and on the other hand people were part -- people who are providing services to same-sex weddings like the guy who provides the chairs or the limo driver because that is not speech. host: that term was used a bunch of time, compelled speech. what does that mean? guest: when the government forces you to say something with which you disagree. and the government would have to pass a very high bar to do that and they say it is not met here. host: in essence it boils down to mayor making a first am