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Note though that the fraud that the prosecutor addresses here doesn’t have anything to do with crypto per se. As in, it’s not about securities laws, or even AML

Note though that the fraud that the prosecutor addresses here doesn’t have anything to do with crypto per se. As in, it’s not about securities laws, or even AML stuff. The fraud that scam bank man fraud got sentenced for was plain old theft. Taking customers assets (mainly crypto assets) and using it as his personal piggy bank.

BobaFloutist 3y ago
That's literally what the prosecutor said.
kemitchell 3y ago
> Note though that the fraud that the prosecutor addresses here doesn’t have anything to do with crypto per se. As in, it’s not about securities laws, or even AML stuff. That's playing pretty tight with definitions to push "crypto" out of the picture. SEC's press releases was "SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX". https://www.sec.gov/news/press-release/2022-219 https://www.sec.gov/news/press-release/2022-219 The release said "crypto" ten times.