In a major turn of events, US prosecutors have decided to drop a second trial for Sam Bankman-Fried (SBF), the founder of the now-bankrupt FTX cryptocurrency exchange. <a href="https://news.todayq.com/crypto-market-dips-in-red-after-sbf-conviction-whats-next/" target="_blank" rel="noopener noreferrer nofollow">SBF was convicted</a> last month on seven counts of fraud and conspiracy. The decision was revealed in a letter filed on Friday night in federal court in Manhattan. Coinbase legel officer launches attack 
Paul Grewal, Chief Legal Officer at Coinbase, shared his thoughts on the Department of Justice’s (DOJ) decision not to pursue campaign finance charges against SBF.
In apost, Grewal showed reluctance to second-guess the agency’s decision. He acknowledged that line prosecutors and supervisors possess more information than the public. He even highlighted the importance of considering resources, efficiency, and extradition challenges when deciding on a second trial for a defendant facing significant legal consequences. 
However, Grewal termed the decision as a “miscarriage of justice.” He pointed out that the public interest in a transparent airing of charges, particularly in the case of campaign finance violations.&nbsp;
Questions about what politicians and other individuals knew and when they knew it, according to Grewal, deserve answers.
Adding to his concerns, Coinbase legal chief also criticized the announcement’s timing. He noted that releasing such information on a Friday night before a holiday weekend could fuel public cynicism about the political aspects of the decision. What’s next for FTX? 
According to the reports, despite Grewal’s reservations, the decision not to pursue campaign finance charges aligns with the prosecutors’ goal of a swift resolution. Bankman-Fried is scheduled for sentencing on March 28, 2024, with potential orders for forfeiture and restitution for victims of his crimes.
SBF, known for his role in the collapse of FTX and its sister hedge fund Alameda, had faced additional charges that were severed from the first trial. These included campaign finance violations, conspiracy to commit bribery, and operating an unlicensed money transmitting business. The Department of Justice’s decision not to proceed with these charges has sparked debate and raised questions about the broader implications for justice and transparency.
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Coinbase executive calls DOJ’s decision on SBF a ‘Miscarriage of Justice’

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