Analysis Today TheBitTimes.com

When it comes to Sam “SBF” Bankman-Fried testifying in his criminal trial, Anthony Scaramucci is decidedly pessimistic, foreseeing a perilous path ahead for the FTX co-founder. Scaramucci believes that SBF’s decision to take the stand is a grave error, as he predicts that government prosecutors will subject him to relentless scrutiny and dismantle his defense. In an interview on October 25th, during CNBC’s Last Call, Scaramucci voiced his concerns, stating that the Department of Justice prosecutors will exploit every opportunity to highlight the inconsistencies in Bankman-Fried’s statements. Scaramucci’s conviction is that these contradictions will inevitably lead to an extended prison sentence for the beleaguered co-founder. In Scaramucci’s view, there’s no escape for SBF; he may have illusions of outsmarting the prosecutors, but they are seasoned professionals in this field. The former perception of Bankman-Fried as a benevolent and ...

The motion to dismiss argues that even if all the allegations in the lawsuit are true, the plaintiff does not have a valid legal claim. In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint. In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern District of New York, Coinbase raised concerns about the SEC’s interpretation of securities laws, suggesting the agency was reaching beyond its legal authority. This move underscores Coinbase’s determination to challenge the SEC’s lawsuit. The motion to dismiss argues that even if all the allegations in the lawsuit are true, the plaintiff does not have a valid legal claim . Coinbase’s legal team stated in the filing: “Even if the SEC were correct that the assets and services it identifies are within the scope of its existing regulatory authority, this [legal] actio...