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SEC Chairman May Become Witness in SBF Political Donation Case

According to American lawyer MetaLawMan's tweet, the US Department of Justice's new indictment against SBF alleges that SBF lobbied members of Congress and other senior government officials to promote cryptocurrency regulation, which benefits his business and personal interests. This may make SEC Chairman Gary Gensler a witness in the case, which would mean that SBF's lawyers will be able to question Gensler in court.

According to previous reports, the US Department of Justice submitted an updated indictment against SBF, which includes charges of violating campaign finance laws as part of a wire fraud scheme.

The Department of Justice alleges that SBF illegally diverted FTX customer deposits before the 2022 US midterm elections, resulting in more than $100 million being used to "provide campaign donations to the Democratic and Republican parties in an effort to influence cryptocurrency regulation." Prosecutors also said that some of the political donations were made in the name of FTX executives to conceal the source of the donation funds.

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