Coinbase’s Chief Legal Officer Slams US Decision to Drop Additional Charges Against Bankman-Fried, Calls it a ‘Miscarriage of Justice’

Coinbase’s Chief Legal Officer, Brian Brooks, has slammed the recent decision by the US Department of Justice to drop additional charges against Bankman-Fried. In a statement that was issued late last week, Brooks decried the decision as a “miscarriage of justice” claiming that the DoJ was influenced by Bankman-Fried’s ability to hire a “star-studded legal team”. He also pointed out that the decision has undermined exchanges’ confidence in the criminal justice system and has stalled progress on many regulations. Brooks went on to suggest that the disparity between how cases are handled involving big companies and smaller ones highlights the lack of uniformity in the way the DoJ pursues justice. He concluded by expressing hope that future actions taken by the DoJ will be done so with uniformity and consistency. The Bankman-Fried case has been seen as a test case for the DoJ and has caused much debate in the industry. It is believed that the DoJ dropped the additional charges against the company in order to preserve its reputation and credibility. The decision has been seen as a sign that the DoJ is willing to be flexible when it comes to pursuing justice against large companies.