US prosecutors have decided not to pursue the remaining charges against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud.
However, it is the dropped charge of unlawful political donations that has sparked significant concern within the crypto community, given Bankman-Fried’s well-documented contributions to politicians from both major parties.
Prosecutors had claimed that Bankman-Fried used customer funds to the tune of $100 million for political donations.
Expressing his discontent, Coinbase’s Chief Legal Officer, Paul Grewal, took to X to denounce the decision as a “miscarriage of justice.”
A few thoughts on the DOJ’s decision not to pursue campaign finance charges against SBF. Tl;dr: I think it’s a mistake.
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