Analysis-Bankman-Fried fraud charges sidestep debate over how U.S. law sees crypto

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Reuters

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done. That is because Manhattan federal prosecutors’ charges against the founder of now-bankrupt crypto exchange FTX have largely sidestepped an ongoing debate as to whether cryptocurrencies should be regulated as securities or commodities, legal experts told Reuters. Bankman-Fried, 30, was indicted on two counts of wire fraud …

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