The Texas State Securities Board revealed in a court filing that it’s investigating FTX US and its founder Sam Bankman-Fried for offering unregistered securities products to U.S. customers. Marco Olivera and Nico Brugge talk about the case at the top of today’s Real Vision Crypto Daily Briefing. Marco and Nico also discuss the launch of Aptos, a “Solana killer” built by former Meta employees, and Mastercard’s announcement that it will work with banks to facilitate crypto trading. Later, CoinShares CEO Jean Marie-Mognetti joins the conversation with insights about the broader market, regulation, innovation, and his forecast for when crypto winter might end.