In recent days the extraordinary rally that the Bitcoin price action has developed has somewhat overshadowed any negative news surrounding any act of bankruptcy or regulatory mechanism against the cryptocurrency market.
Now when I say that any negative news around any act of bankruptcy or regulatory mechanism against the cryptocurrency market is being overshadowed by the price rally, it is because seeing Bitcoin above the $34,000 level makes us forget about all the bad.
More however, we should never let go of the news that is woven beyond the price action, for example according to Turner Wright "After much speculation, the former FTX CEO will be one of the few witnesses to testify in his defense in the criminal fraud case."
In the Wright article, "In an Oct. 25 conference call between SBF attorneys, prosecutors and Judge Lewis Kaplan, Cohen said that once the prosecution completed its case presentation on Oct. 26, his team planned to call three witnesses to the stand, as well as Bankman-Fried."
He likewise indicated that "Judge Kaplan said he would allow the case to go "straight up" on Oct. 26, moving directly from the last prosecution witness to the first defense witness"
SOURCES CONSULTED
Cointelegraph. Sam Bankman-Fried will testify at criminal trial, say defense lawyers. Link
OBSERVATION:
The cover image does not belong to the author:
, the image was taken from: Cointelegraph