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Sam Bankman-Fried found guilty, what’s next for the ‘crypto king’?
#BullRun #Ledger #BTC
Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by New York District Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Bankman-Fried’s crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum 20-year sentence. His lawyers, however, say the fight isn’t over yet.
#BullRun #Ledger #BTC
Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by New York District Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Bankman-Fried’s crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum 20-year sentence. His lawyers, however, say the fight isn’t over yet.
US Fed Leaves Rates Unchanged, Crypto Rallies#BTC #BullRun #Ledger
The Federal Open Market Committee (FOMC) of the United States Federal Reserve has opted to keep its benchmark fed funds rate range at 5.25%-5.50%, as predicted by analysts. The FOMC noted the possible impact of tighter financial conditions on economic activity, hiring, and inflation in its policy statement.
The central bank's stance on risks to economic growth remained similar to its previous statement in September, indicating that future rate decisions will depend on incoming data.
The Federal Open Market Committee (FOMC) of the United States Federal Reserve has opted to keep its benchmark fed funds rate range at 5.25%-5.50%, as predicted by analysts. The FOMC noted the possible impact of tighter financial conditions on economic activity, hiring, and inflation in its policy statement.
The central bank's stance on risks to economic growth remained similar to its previous statement in September, indicating that future rate decisions will depend on incoming data.
