📢 U.S. prosecutors argue that the lack of a clear legal framework for crypto is no bar for pressing fraud charges against FTX founder Sam Bankman-Fried. The trial began on Tuesday, with Bankman-Fried pleading not guilty to allegations of misappropriating customer funds. The Department of Justice (DOJ) dismissed arguments that the regulatory status of crypto exchanges is relevant, stating that existing criminal laws are sufficient. The government also clarified its stance on allegations of illegitimate political donations, stating it won't elicit evidence that such a scheme is unlawful, but will raise the topic to establish inconsistencies in Bankman-Fried's representations to customers. What do you think about this case? Share your thoughts in the comments below! 🧐