U.S. Justice Department Refutes Ex-FTX CEO's Regulatory Absence Defense in Crypto Case

The Justice Department recently responded in court to a defense motion from Sam Bankman-Fried, the ex-CEO of crypto firm FTX. They challenged the claim that U.S. crypto regulatory absence made Bankman-Fried exempt from criminal prosecution. On October 4, the department refuted the defenses appeal for a re-evaluation of charges, especially those tied to FTXs alleged misappropriation of funds. Defense attorneys for Bankman-Fried contended that since FTX wasnt regulated in the U.S., their client operated according to FTX U.S. guidelines. The Justice Department dismissed this contention as...

source: https://tokenpost.com/Justice-Department-Debunks-Crypto-Firms-Defense-Over-Lack-of-US-Regulations-10773

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