Sam Bankman-Fried has been sentenced. And at his sentencing, we saw a not-too-uncommon pattern for sentencings in major white-collar cases: Judge Lewis Kaplan read him the riot act, ruled against him on all the key issues driving the sentence guideline calculation; accused him of lying on the stand; and then sentenced him to far less than the guideline sentence.

Speaking of BS of interest to investors, Trump Media & Technology Group is worth billions of dollars, at least for now. Donald Trump has to wait six months for his share lockup to expire before he can start passing his shares off to new bagholders. So in the meantime, he’s suing his co-founders, saying they were bad at their jobs and therefore shouldn’t get to keep their shares. Is that how it works? Plus, Trump faces an expanded gag order in his Manhattan trial — one whose limits he appears intent to continue to push. And in Florida, after we recorded, Judge Aileen Cannon ruled (sort of) about issues related to the Presidential Records Act.

Plus: updates on Hunter Biden and John Eastman

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