On today's CoinMarketRecap with Connor Sephton, Sam Bankman-Fried performs a U-turn over controversial proposals for regulating crypto. A former OpenSea employee accused of NFT insider trading fails to get the charges thrown out. Yet another crypto CEO has announced they're stepping down — we'll find out who. Coinbase announces it's removing transaction fees when USD Coin is bought or sold using fiat currencies. And a crypto project is planning to build luxury villas on the site of the doomed Fyre Festival — as we get a new update on Akon City. You can follow us on Twitter — @ConnorSephton and @CoinMarketCap.