New York CNN —It took just under a year for Sam Bankman-Fried to go from crypto wunderkind to convicted felon.
When Bankman-Fried’s crypto empire collapsed last November, it sent the fledgling industry back years.
For the crypto faithful who are still standing and striving, the trial couldn’t be over soon enough.
“A lot of folks in the crypto industry are delighted,” said Yesha Yadav, a law professor and associate dean at Vanderbilt University.
“There’s definitely an element of ‘ding-dong the witch is dead,’” said Eric Soufer, a political adviser to major crypto companies, referring to Bankman-Fried’s conviction.
Persons:
Sam Bankman, Fried, ”, Bobby Zagotta, “ SBF, Yesha Yadav, “, FTX, they’ll, Bernie Madoff, Elizabeth Holmes, Gary Gensler, “ There’s, ’ ”, Eric Soufer
Organizations:
New, New York CNN, Vanderbilt University, BlackRock, Fidelity, Justice Department, Securities and Exchange Commission, SEC
Locations:
New York, European