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.
Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension. Guiding both intrepid trailblazers and curious newcomers, Gapster’s insights serve as a compass for well-informed decision-making amidst the ever-evolving currents of cryptocurrencies. With the artistry of a linguistic craftsman, they craft narratives that enrich the evolving tapestry of the crypto landscape.
