Why the Charges SBF Doesn’t Face Matter For Crypto

Prosecutors have used this charge in crypto cases for years but not yet in a forum as important as FTX’s current trial. Nonetheless, a charge under § 1960 carries criminal penalties and significant exposure under federal asset forfeiture laws, all without reference to fraud and, importantly, without any concern as to whether the transmission of value is in the form of a “title”, a “commodity”. or “currency”.