Federal prosecutors have decided not to pursue additional criminal charges against Sam Bankman-Fried that were not covered in his previous trial.

Currently, he awaits sentencing in a federal jail in Brooklyn.

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Why It Matters: Among the initial charges, Bankman-Fried also faced accusations of misusing client funds for massive political donations. 

Robert F Kennedy Jr addressed the dismissal of such charges in response to an X post by @Watcher.Guru, which said that “Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians. Today, the US Government announced they’re dropping six charges against SBF and will not prosecute him for a political campaign finance violation."

RFK Jr. responded, "No one is even surprised. THAT is a bigger problem than the fraud itself. It shows how normalized corruption has become."

Earlier in August Bankman-Fried was indicted by federal authorities for redirecting client assets exceeding $100 million into campaign funding during the 2022 U.S. midterm elections.

Price Action: At the time of writing, Bitcoin (CRYPTO: BTC) was trading at $45,212, down 0.51% in the last 24 hours, according to Benzinga Pro.

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