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The disgraced crypto mogul “orchestrated one of the largest financial frauds in history,” government prosecutors argued FTX co-founder Sam Bankman-Fried has been sentenced to 25 years in a US federal prison for stealing billions of dollars from customers and defrauding investors. The one-time cryptocurrency guru has also been ordered to pay $11 billion in restitution.

Beijing has in turn complained about “discriminatory” subsidies approved by Washington Chinese companies are producing too many batteries, solar panels, and electric cars, harming American workers, US Treasury Secretary Janet Yellen has claimed. She intends to bring up the issue on her trip to Beijing next month.