- The DoJ has announced that the prosecutors do not plan to pursue a second trial for Sam Bankman-Fried.
- John Deaton criticized the department’s move and called it a disgrace.
- The department based its move on the strong public interest for the immediate resolution of the case.
John Deaton, an XRP attorney known for his stark comments against the Securities and Exchange Commission (SEC), has now turned his voice against the Department of Justice (DoJ). In light of the US prosecutors’ recent decision on Sam Bankman-Fried’s second trial, Deaton asked, “Who is the Attorney General protecting?”
On December 29, the US Department of Justice informed Judge Kaplan that the prosecutors do not plan to pursue a second trial against Sam Bankman-Fried, the former CEO of the defunct crypto exchange FTX. The filing stated that the “strong public interest” for the immediate resolution of the case had influenced the DoJ’s decision.
The prosecutors added that the affected institutions and individuals have been eagerly waiting for their reimbursement since the fall of FTX in 2022. The letter read, “Given that practical reality, and the strong public interest i…
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