The stage is set for a federal judge to determine how long Sam Bankman-Fried may spend in prison. The U.S. Department of Justice and defense attorneys have now both filed their arguments, as well as statements from FTX creditors and Bankman-Fried's family and friends .Attorneys with both the defense and the prosecution have now filed their sentencing memos with the judge overseeing Sam Bankman-Fried's case, arguing for their respective sentences.
That's technically true, but only to the extent that these customers will receive the dollar value of their crypto holdings as of November 2022, and not the value they might otherwise have if they had been able to hold onto their funds through the crypto market's huge recent price rise, many of the creditors said.
Some of these letters addressed Bankman-Fried's conduct during and immediately after the collapse of FTX, while others focused solely on the Bankman-Fried that the writers knew. There's also the fact that the case seemed so clear-cut to the jury that the 12 members only took a few hours to agree to convict on all seven charges.
A U.K. judge ruled that Craig Wright is not Bitcoin creator Satoshi Nakamoto moments after a month-long court case concluded. Despite efforts by political action committees, companies and people in the crypto industry, it so far seems unlikely that crypto issues will, on their own, be a major factor for voters the same way the economy, for example, might be. And yet, as always, whoever wins the elections could define the policies that shape the crypto industry's role in the U.S.