The post U.S. Government Drops Multiple Charges Against Sam Bankman-Fried, Stirring Controversy appeared on BitcoinEthereumNews.com.

In a shocking turn of events, the U.S. Government has decided to drop six out of seven charges against Sam Bankman-Fried, the former CEO of FTX. This move has sparked outrage and speculation among the public and notable figures in the cryptocurrency community. The dropped charges, which include allegations related to campaign finance violations and political contributions, have raised eyebrows, especially given Bankman-Fried’s previous involvement in funding U.S. political parties. Dave Weisberger, Co-CEO of CoinRoutes and advocate for Digital Assets for Economic Freedom, voiced his skepticism on Twitter, stating that he found it surprising that prosecutors dropped the case against SBF on the Friday before new year’s eve. He added that it might not be as surprising upon further consideration. Public Figures Express Doubt and Concerns Attorney John E Deaton, who runs Deaton Lawfirm, responded to Weisberger’s tweet, questioning the timing of the case dismissal, particularly in an election year. Deaton referenced testimony from the fraud trial, where Caroline Ellison claimed that Bankman-Fried had donated $10 million to the Biden Administration with the intention of “buying access.” This revelation allegedly led to personal meetings with influential figures, including Gary Gensler, SEC staff, and representatives such as Maxine Waters and Elizabeth Warren. Ask yourself why is this case being dropped in an election year? During the fraud trial Caroline Ellison testified that SBF gave the Biden Administration $10 Million and the reason he told her was to “buy access.” He got two personal meeting with @GaryGensler, and several others… https://t.co/f4KL5MJgwb — John E Deaton (@JohnEDeaton1) December 30, 2023 Coinbase Chief Legal Officer Paul Grewal also weighed in on the matter, expressing his belief that the dismissal was a “miscarriage of justice.” Grewal highlighted the public interest in a thorough examination of campaign finance charges, emphasizing the importance of understanding who knew…

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Filed under: News - @ December 30, 2023 12:38 pm