🚨DeFi fans, gather 'round! FTX founder Sam Bankman-Fried's fraud trial is underway, and the DOJ says the lack of a clear U.S. legal framework for crypto won't stop them from pressing charges. 🏛️
🤔But wait, there's more! The prosecution is dismissing Bankman-Fried's argument that pooling and reallocating customer funds was common in the crypto industry. They say that only works if he believed the practice was lawful. 😅
🙌Good news: Bankman-Fried can point the jury towards his philanthropy and charity work, but he'll need to check with the court first. No rose-colored glasses allowed! 🌹🚫👓
🗣️What do you think? Will this trial set a precedent for crypto regulation? Let's chat in the comments! 💬 #DeFi #Web3
🤔But wait, there's more! The prosecution is dismissing Bankman-Fried's argument that pooling and reallocating customer funds was common in the crypto industry. They say that only works if he believed the practice was lawful. 😅
🙌Good news: Bankman-Fried can point the jury towards his philanthropy and charity work, but he'll need to check with the court first. No rose-colored glasses allowed! 🌹🚫👓
🗣️What do you think? Will this trial set a precedent for crypto regulation? Let's chat in the comments! 💬 #DeFi #Web3