Pro-XRP Lawyer Claims Sam Bankman-Fried’s Actions are Irrelevant to Crypto
According to pro-XRP lawyer John Deaton, Sam Bankman-Fried’s conduct has “nothing to do with crypto.” The recent trial involving Bankman-Fried has sparked speculation about its implications for the industry. Deaton’s comment was in response to Scott Melker’s post highlighting the performance of Solana (SOL), which has been on a bullish trajectory. Before the collapse of FTX Derivatives Exchange, Solana was priced at around $36. However, the collapse caused a significant drop, with the coin reaching a low of $9.65 on December 30, 2022.
Solana Rebounds and Overtakes Pre-FTX Collapse Level
Despite the downturn, Solana has made a strong recovery since then. The cryptocurrency is currently trading at $40.98, marking a 13.95% increase in the past 24 hours and surpassing its pre-FTX collapse level. Scott Melker believes that Bankman-Fried’s influence on Solana is now irrelevant, a sentiment echoed by John Deaton. Deaton suggests that Bankman-Fried was motivated by power rather than a genuine belief in the technology behind cryptocurrencies.
What’s Next for Sam Bankman-Fried?
With the trial concluded, the case now awaits jury deliberations to determine Sam Bankman-Fried’s fate. Witnesses presented by the prosecution team admitted to committing crimes at Bankman-Fried’s behest. In his defense, Bankman-Fried attempted to shift blame onto his former allies in order to sway the jury. John Deaton speculates that Bankman-Fried’s goal may not be complete acquittal, but rather convincing one juror to significantly reduce his sentence to around 10 years.
Hot Take: Pro-XRP Lawyer Believes Sam Bankman-Fried’s Actions are Irrelevant to Crypto
Pro-XRP lawyer John Deaton asserts that Sam Bankman-Fried’s conduct has nothing to do with the crypto industry. The recent trial involving Bankman-Fried has sparked discussions about its impact on the industry. Solana, which experienced a significant drop in value after the collapse of FTX Derivatives Exchange, has since made a strong recovery and surpassed its pre-collapse level. Scott Melker and Deaton believe that Bankman-Fried’s influence on Solana is now irrelevant. As the trial awaits jury deliberations, there is speculation about Bankman-Fried’s fate and whether he can sway the jury to reduce his potential sentence.
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