Last updated on November 2, 2023
In recent filings submitted by Sam Bankman-Fried’s defense team on Monday, they expressed their intention to bring clarity to the jurisdiction of English law governing FTX’s terms of service. This move by Bankman-Fried’s attorneys holds significant implications for the pending fraud charges against him. By highlighting that English law should govern FTX’s terms of service, the defense team aims to potentially alter the legal landscape surrounding the case.
The choice of jurisdiction is crucial as it determines the legal framework and regulations under which FTX operates. By arguing for English law as the governing law for FTX’s terms of service, Bankman-Fried’s defense team may challenge the allegations of fraud against him. The outcome of this legal battle could have far-reaching consequences for both Bankman-Fried and the broader cryptocurrency industry. It remains to be seen how this argument will unfold and whether it will impact the final verdict in the case.
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