US prosecutors have decided not to pursue the remaining charges against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud. However, it is the dropped charge of unlawful political donations that has sparked significant concern within the crypto community, given Bankman-Fried’s well-documented contributions to politicians from both major parties.
Prosecutors had claimed that Bankman-Fried used customer funds to the tune of $100 million for political donations. Expressing his discontent, Coinbase’s Chief Legal Officer, Paul Grewal, took to X to denounce the decision as a “miscarriage of justice.” In a thread, Grewal emphasized the importance of public accountability for campaign finance charges. “The public interest in a public airing of charges almost always matters. Campaign finance charges are at the very top of this list,” he wrote. Grewal further emphasized the need for answers regarding what politicians and others knew and when they knew it.
