Ripple CTO Dismisses Forbes Defense of Sam Bankman-Fried as “Nonsense”
Main Idea
Ripple CTO David Schwartz criticizes a Forbes article defending Sam Bankman-Fried's FTX conviction, arguing that regulatory advocacy does not justify criminal conduct.
Key Points
1. David Schwartz dismissed Forbes' defense of Sam Bankman-Fried's criminal conviction as 'nonsense', rejecting the idea that his regulatory efforts excuse fraudulent actions.
2. The Forbes article suggested SBF received unfair treatment due to his lobbying for cryptocurrency regulations, but Schwartz emphasized that fraud evidence remains clear.
3. Schwartz supports the jury's verdict, asserting that SBF's regulatory work does not override his criminal conduct.
4. The debate ties into the GENIUS Act, which has sparked discussions about SBF's regulatory advocacy and its impact on his legal situation.
Description
David Schwartz has rejected Forbes’s argument defending SBF’s FTX conviction. The Ripple executive states that good deeds cannot erase proven fraud charges. GENIUS Act passage has now sparked debate over SBF’s regulatory advocacy efforts. Ripple Chief Technology Officer David Schwartz has criticized a Forbes article that questioned Sam Bankman-Fried’s criminal conviction, calling the defense “nonsense.” The article suggested the former FTX CEO received unfair treatment given his efforts to estab...
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