Reuters: SBF cannot leverage the uncertainty of cryptocurrency regulation to argue against the fraud charges he faces

ChainCatcher news, Reuters stated in an analysis report that the uncertainty of cryptocurrency regulation is largely unrelated to most of the charges against SBF. Currently, SBF faces eight criminal charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and violate campaign finance regulations. Most importantly, he misled FTX investors, which is unrelated to the nature of what type of trading asset cryptocurrency is.

It is reported that the Manhattan federal prosecutor's charges against SBF largely sidestep the debate over whether cryptocurrency should be classified as "securities" or "commodities." SBF denied all charges during his first court appearance on January 3, and the district judge has agreed to extend bail, with the sentencing date set for October 2, U.S. time. (Reuters)