U.S. prosecutors said Wednesday that evidence about the absence of crypto regulation is 'only likely to confuse the jury.'
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The prosecutors argued that there are prohibitions on misappropriating customer assets — “they are the very laws that the defendant has been charged for violating.” “[Evidence] or argument about the absence of regulation is only likely to confuse the jury into believing that there must be a regulation imposing a duty for misappropriation to have occurred,” the DOJ said.Another point of argument surrounds whether Bankman-Fried could present his “prior good acts” such as charitable giving and philanthropy.
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