Lawyer's view: SEC chairman may become witness in SBF political donation case

Odaily Planet Daily News US lawyer MetaLawMan tweeted that the US Department of Justice's new indictment against SBF stated that SBF lobbied members of Congress and other senior government officials to promote cryptocurrency regulation, which is beneficial to his business and personal interests. That could make SEC Chairman Gary Gensler a witness in the case, which, if true, would mean SBF lawyers would be able to cross-examine Gensler in court. As previously reported, the U.S. Department of Justice filed an updated indictment against SBF that included allegations that it violated campaign contribution laws as part of a wire fraud scheme. SBF illegally misappropriated FTX customer deposits leading up to more than $100 million in "campaign contributions for Democrats and Republicans seeking to influence cryptocurrency regulation" ahead of the 2022 U.S. midterm elections, the Justice Department said. Prosecutors also said some of the political donations were made in the name of FTX executives in an effort to conceal the origin of the donation funds.