The trial against former crypto billionaire Sam Bankman-Fried officially started on Tuesday.
The 31-year-old founder of collapsed crypto exchange FTX is being accused of a slew of charges related to an alleged multi-billion dollar cryptocurrency fraud.
As jury selection begins, the world of crypto awaits the development of a trial that could shape the face of crypto regulation for years to come.
Bankman-Fried's trial comes ahead of Benzinga’s Future of Digital Assets conference on Nov. 14 in NYC, where experts will delve into the evolving landscape of the crypto industry.
The jury's decision and Bankman-Fried's potential conviction are expected to resonate heavily in Washington, D.C., where a number of crypto-related pieces of legislation are being discussed.
Before the fall of FTX, which dragged the entire crypto market down to two-year lows, Bankman-Fried was a well known name in Washington.
Federal records reviewed by the Washington Post put Bankman-Fried's donation for the last political cycle alone at $40 million, mainly supporting causes aligned with Democrats. This level of donation puts the fallen entrepreneur only behind George Soros in the ...