US prosecutors have decided not to pursue a second trial against the founder of FTX, SBF, in March, as the remaining charges related to his tenure at FTX (including overseas bribery and bank fraud charges) have been dropped. Robert F. Kennedy Jr., a US presidential candidate, Coinbase's chief legal officer, and most members of the cryptocurrency community have condemned the prosecutor's decision not to try FTX for illegal political donations. Kennedy said no one was surprised. This is a bigger problem than fraud itself. It shows how normalized corruption has become. Coinbase's chief legal officer, Paul Grewal, called the decision to drop charges "a miscarriage of justice" in a post on X, stating that the public interest in the charges brought is almost always paramount, and campaign finance charges are among the most important. The key questions to be answered are what politicians and others knew and when they knew it.
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