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 US legal system — a labyrinthine set of definitions that usually requires the best-paid and smartest lawyers to defend against any claim — is being tested by one of the founders of Three Arrows Capital (3AC): Kyle Davies. Davies is suggesting that due to his supposed renunciation of his US citizenship, he can no longer be tried under US laws. It’s a bold — and, historically, unsuccessful strategy — but maybe this time it’ll pan out. The sov cit movement and citizenship renunciation While Davies’ arguments may seem novel, sovereign citizen proclamations are nothing new to the United States or to the cryptocurrency industry. Indeed, many US citizens have attempted to outrun the long arm of the law either by stating that they don’t fall under the jurisdiction of US courts or by renouncing their citizenship altogether. Unfortunately for them, it almost never ends well. Davies states that he’s “not subjecting [himself] to, or accepting the jurisdi...