Sam Bankman-fried: The President Is Allegedly Pro-Bitcoin Additional Causes for Charges to Be Dropped

In a surprising turn of events, pro-Bitcoin presidential candidate Robert F. Kennedy Jr. has questioned the motivations behind the US government’s decision to drop six charges against FTX founder Sam Bankman-Fried (SBF). While prosecutors cited the public interest as the driving force, Kennedy suggests a deeper, more systemic issue—corruption within the government.

Corruption Could Be the Real Culprit

Kennedy took to his X platform (formerly Twitter) to express his belief that corruption played a pivotal role in the dismissal of charges against SBF. In his view, the corruption within the system surpasses the fraud committed by the FTX founder, labeling it as a normalized issue. The presidential candidate asserts that this corruption explains the government’s reluctance to pursue a second trial for SBF.

One of the dropped charges that caught Kennedy’s attention involves the alleged violation of campaign finance rules. SBF was accused of funneling $100 million in campaign contributions through straw donors, with the aim of influencing political decisions. Kennedy implies that SBF’s connections with politicians might have influenced the decision to avoid a second trial.

Government’s Justification and Kennedy’s Allegations

Contrary to Kennedy’s claims, the Department of Justice (DOJ) justified its decision in a letter to Judge Lewis Kaplan. According to the DOJ, the “public interest in a prompt resolution of the matter outweighs the interest in holding a separate trial.” They also cited potential delays in restitution for victims of Bankman-Fried’s crimes as a contributing factor.

Kennedy’s theory challenges this explanation, suggesting that the government’s actions align with a broader narrative of corruption within the system. The dropped charges, including the campaign finance violation, raise questions about the extent to which political connections may have influenced the legal proceedings.

What Lies Ahead for Sam Bankman-Fried?

Despite the dropped charges, Sam Bankman-Fried’s sentencing remains scheduled for March 28, 2024. Legal experts Sam Enzer and Rich Cooper predict a substantial prison sentence for SBF, likely exceeding 20 years. However, they do not anticipate the maximum sentence of 110 years being imposed.

Judge Lewis Kaplan may consider factors such as SBF’s age and the potential for reintegration into society when determining the sentence. Kennedy’s theory introduces the possibility that SBF could face a lesser sentence if political connections played a role in the dropped charges.

So far, Judge Kaplan has demonstrated impartiality in pre-trial rulings, challenging the defense on several fronts. The unfolding events surrounding Sam Bankman-Fried’s case continue to captivate the crypto community, raising questions about justice, corruption, and the intersection of politics with the legal system.

Featured image from OpenSecrets, chart from Tradingview.com source.

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