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⚖️ Pivotal Moments in SBF and Ripple Trials

The defense team and the U.S. Department of Justice (DOJ) have submitted their proposed jury instructions in the criminal fraud trial against Sam Bankman-Fried.

Crypto Roundup - Oct 19

Legal developments continue to shape the cryptocurrency world, with significant twists in two high-profile cases. In the unfolding drama of Sam Bankman-Fried's fraud trial, both the defense and the DOJ are eager to influence the jury's deliberations, each suggesting unique instructions that cater to their respective narratives. Revelations from FTX's former general counsel, Can Sun, shed light on alarming gaps in FTX's financial standing and questionable operations. Meanwhile, in an unexpected turn, the SEC drops charges against Ripple's top brass, hinting at a potential closure in the longstanding feud over Ripple's XRP token.

Top Stories:

  • Jury Directions: Both DOJ and Bankman-Fried's defense team propose pivotal jury instructions, highlighting their case perspectives.

  • FTX Controversies: Ex-general counsel Can Sun reveals disturbing lapses at FTX, leading to his abrupt resignation.

  • SEC's Ripple Retreat: SEC opts to dismiss charges against Ripple's Garlinghouse and Larsen, signaling a potential détente in the XRP dispute.