According to Foresight News, U.S. prosecutors reiterated on Wednesday that the existing legal framework is sufficient to charge Sam Bankman-Fried with fraud-related violations. In a filing on Wednesday, the U.S. Department of Justice rejected the SBF's claim that there was "a lack of evidence of cryptocurrency regulation." Prosecutors said that prohibiting the misappropriation of customer assets was the law the defendants were accused of violating, and the lack of regulation was related to whether the victim entrusted the money. Giving the defendant custody is irrelevant and [evidence] or arguments about lack of supervision will only confuse the jury.

Furthermore, the DOJ responded that it had no objection to the SBF providing admissible evidence regarding charitable activities so long as the evidence was for a proper purpose, including not for a disposition or character purpose.