Judge rebuffs SBF’s requests to raise lack of crypto rules and FTX recovery to the jury

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By BitcoinWiki News

Key Takeaways:

– Judge denies request to include evidence regarding recovery of assets in FTX bankruptcy
– Lack of crypto regulation deemed of minimal probative value and could confuse jury
– Reconsideration granted to discuss Bankman-Fried’s charitable giving, with certain conditions
– Trial continues with former CEO of Alameda Research, Caroline Ellison, taking the stand
– Ellison testifies that Bankman-Fried authorized borrowing of FTX customer funds by Alameda
– Ellison’s testimony ongoing


The New York district judge, Lewis A. Kaplan, has denied a request from Sam Bankman-Fried’s lawyers to reconsider a previous order that blocked the former CEO from including evidence related to the recovery of assets in the FTX bankruptcy. The judge stated that the defendant’s intention to misapply and defraud is sufficient to establish guilt, regardless of whether he had the intent or ability to repay the misappropriated funds. Additionally, Judge Kaplan dismissed the argument that the lack of crypto regulation in the U.S. could be presented as evidence, stating that it would have minimal value and could confuse the jury. However, the judge did allow for reconsideration regarding whether Bankman-Fried could present evidence of his charitable giving, as long as it is presented for a proper purpose. The trial is ongoing, with former CEO of Alameda Research, Caroline Ellison, continuing her testimony. Ellison had previously testified that Bankman-Fried authorized the borrowing of FTX customer funds by Alameda.

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