DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’

The determination by the U.S. Department of Justice (DOJ) not to prosecute a 2nd proceedings against disgraced FTX laminitis Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto speech Coinbase calls the determination a “miscarriage of justice.” One lawyer opined, “Ask yourself wherefore is this lawsuit being dropped successful an predetermination year,” noting that SBF gave the Biden medication $10 cardinal and had idiosyncratic meetings with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler and SEC staff.

DOJ’s Decision connected SBF Trial Outrages Crypto Industry

The U.S. Department of Justice (DOJ) has decided not to pursue a 2nd proceedings against erstwhile FTX CEO Sam Bankman-Fried (SBF). The 2nd trial, which had been slated to commencement successful March, addresses an further acceptable of transgression counts against Bankman-Fried, including run concern charges.

Sharing his thoughts successful a bid of posts connected societal media level X Friday regarding “the DOJ’s determination not to prosecute run concern charges against SBF,” Coinbase’s main ineligible officer, Paul Grewal, stressed: “I deliberation it’s a mistake.” He emphasized:

I deliberation this is simply a miscarriage of justice. The nationalist involvement successful a nationalist airing of charges astir ever matters. Campaign concern charges are astatine the precise apical of this list. What politicians and others knew what and erstwhile are captious questions that merit answers.

“Dropping this connected a Friday nighttime earlier a vacation lone fuels nationalist cynics astir the authorities of each this. Damn shame,” the Coinbase authoritative noted.

Many radical took to societal media to slam the DOJ’s decision, calling it “outrageous,” “sickening,” and “disgusting.” Some accused the DOJ of implicit corruption. One X idiosyncratic wrote:

This is insane corruption.

“FTX snowplowed millions of dollars into Democrat run accounts. DOJ separated run concern charges from his fraud trial. Now aft being convicted for fraud, they’re dropping the 2nd proceedings for run concern crimes. Would’ve implicated excessively galore Dems and RINOs. I cognize our gov’t is corrupt but sometimes things similar this astonishment adjacent me,” helium added.

Lawyer John Deaton opined: “Ask yourself wherefore is this lawsuit being dropped successful an predetermination year? During the fraud trial, Caroline Ellison testified that SBF gave the Biden medication $10 cardinal and the crushed helium told her was to ‘buy access.’ He got 2 idiosyncratic meetings with [U.S. Securities and Exchange Commission (SEC) Chairman] Gary Gensler and respective others with SEC unit … What a gag the DOJ has become.”

What bash you deliberation astir the DOJ’s determination not to prosecute a 2nd proceedings against Sam Bankman-Fried? Let america cognize successful the comments conception below.