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New chief judge in Washington to oversee secret Trump proceedings

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WASHINGTON — A new judge takes over leadership of the U.S. trial court in Washington on Friday, inheriting oversight of secret proceedings involving special counsel criminal investigations into former President Donald Trump’s retention of classified documents and efforts by him and his allies to undo his 2020 election loss. James “Jeb” Boasberg becomes chief judge of the U.S. District Court for the District of Columbia, replacing Judge Beryl Howell as her seven-year term comes to an end. The chief judge has sole discretion over sealed federal grand jury proceedings . That means Boasberg will immediately take over responsibility for handling certain issues that may arise in the special counsel investigations involving Trump, who in November announced he was seeking the 2024 Republican presidential nomination. Boasberg also would assume the same responsibilities if a grand jury is formed in a separate special counsel investigation into President Joe Biden’s handling of classified doc...

Sam Bankman-Fried's Robinhood stake is tied up in FTX bankruptcy proceedings, CEO Tenev says

Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Robinhood Markets CEO Vlad Tenev said Tuesday he's unclear what Sam Bankman-Fried, the disgraced former CEO of FTX, is going to do with his 7.6% stake in his trading app. "I'm not surprised that it's one of the more valuable assets they have on on their balance sheet because it is public company's stock," Tenev said on CNBC's "Squawk Box." "We don't have a lot of information that you guys don't have. We're just watching this unfold and ... it's going to be locked up in bankruptcy proceedings , most likely for some time. And so we're just kind of seeing how that plays out." In May, Bankman-Fried took a 7.6% stake in Robinhood worth $648 million in the belief that the shares "represent an a...