A court in Seattle has sentenced Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, to four months in jail for violating US money laundering laws.

The Biden administration is reportedly looking into reclassifying marijuana from the nation's most dangerous drug to a lower-risk drug, in a historic shift that could have ripple effects across the country.

Legislators have been scrambling to repeal the law, which predates Arizona's statehood, since a 2022 Supreme Court ruling paved the way for its return. The vote was 16-14 and the state's governor will likely sign off.