Sam Bankman-Fried withdraws retrial motion. He believes he would not get a fair trial.

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Sam Bankman-Fried withdraws retrial motion. He believes he would not get a fair trial. The founder of the collapsed crypto exchange FTX said he might file for a retrial after a decision on his appeal is ruled upon. What to know: - Sam Bankman-Fried has withdrawn his request for a new trial, saying he doubts he would receive a fair hearing but may renew the motion after his direct appeal and a reassignment request are decided. - The FTX founder, serving a 25-year sentence after conviction on seven fraud and conspiracy counts, said he largely drafted the motion himself while in Brooklyn’s Metropolitan Detention Center, with limited editorial help from his parents and a New York attorney. - His withdrawn motion, originally filed by his mother citing purported new evidence, comes as his broader appeal claiming his trial was “fundamentally unfair” is pending before the U.S. Court of Appeals for the Second Circuit. Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has withdrawn his request for a retrial over doubt he would get a fair hearing in a letter to the judge overseeing his case. Bankman-Fried, who is serving a 25-year sentence after being convicted on seven counts of fraud and conspiracy tied to FTX’s 2022 collapse, said he may renew the motion after his direct appeal and a related request for reassignment are decided. The motion for a new trial was filed by his mother, Barbara Fried, claiming new evidence in the case would justify a reset. Bankman-Fried said he largely drafted the motion himself while detained at the Metropolitan Detention Center in Brooklyn, with limited assistance. Although clarifying he is the “author of the letter” to the judge, he did consult his lawyers and his parents “since it concerns them both,” he said. "They made editorial and organizational suggestions, some of which I incorporated into the motion," Bankman-Fried said. "They also helped print it, as I no longer had access to a word processor. I also shared earlier drafts with a New York attorney who was originally hired to represent me on the Rule 33 Motion before I decided to represent myself; they had no significant input into the ultimate motion." A Rule 33 motion is a formal request to a federal court for a new trial based on new evidence or in the interest of justice. The appeal is currently before the U.S. Court of Appeals for the Second Circuit. During oral arguments in November, his attorney, Alexandra Shapiro, argued that the trial was “fundamentally unfair,” including limits placed on what Bankman-Fried could present to the jury. More For You Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a patchwork of state laws. What to know: - A coalition of over 100 crypto firms, including Coinbase and Ripple, is pressing the Senate Banking Committee to mark up the Clarity Act to create a federal framework for digital assets. - Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a...

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