Those who spent fortunes on buying the hottest tokens were mocked as suckers in 2022.
Many digital asset investors have pegged Solana as crypto's comeback kid.
Brett Harrison was one of FTX's public faces before stepping down in September.
NFT sales have plunged 89% from their all-time high in January.
"I didn't ever try to commit fraud on anyone,” disgraced company founder Sam Bankman-Fried said.
BlockFi in July received a capital injection from a now-collapsed FTX US.
Sam Bankman-Fried recruited an inner circle from employers around Wall Street and Silicon Valley and built a haphazard operation.
The bill would introduce licensing, tighter crypto regulations and more oversight for the industry in California.
With bitcoin prices hovering near $20,000, Sam Bankman-Fried said it could always be worse.
The recent crash in the price of crypto has flooded second-hand markets with other luxury goods.
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