Sam Bateman Fried's conviction on seven counts of fraud in federal court is another step in the long running FTX saga reaching a conclusion. Joining us now to discuss this coin desk global policy and regulation and managing editor Nick Day, who's also the editor of Coin Desk State of crypto newsletter. Good morning, Nick. Hey, good morning.
So the Office of Pretrial Service is going to create this document memo saying, ok, here's how many years of prison we recommend. Uh you know, based on everything we have seen the record from the trial, the, you know, alleged crimes, the severity, the money involved, et cetera, then the defense and the DOJ are both going to weigh in, they're going to have their own views. The defense is obviously going to say, well, that's too much time.
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