Sam Bankman-Fried, the founder of the cryptocurrency trading platform FTX, is facing a possible delay in his trial due to a review of evidence. Bankman-Fried is accused of violating US securities laws by failing to register his company as a broker-dealer. The case has been ongoing since 2019 and has been delayed multiple times due to the complexity of the case.

The most recent delay is due to the fact that the US Securities and Exchange Commission (SEC) is conducting a review of evidence in the case. The review includes documents, emails, and other materials related to Bankman-Fried’s activities. The review is expected to take several months and could potentially delay the trial until late 2021 or early 2022.

The SEC has alleged that Bankman-Fried violated US securities laws by failing to register his company as a broker-dealer. This means that he did not provide investors with the necessary disclosures and protections that are required by law. Bankman-Fried has denied these allegations and has stated that he was operating within the bounds of the law.

The delay in the trial could have serious consequences for Bankman-Fried. If he is found guilty, he could face hefty fines and even jail time. It is unclear how long the delay will last, but it is likely to be several months. This could mean that the trial will not take place until late 2021 or early 2022.

The delay in Bankman-Fried’s trial is yet another example of how complex and time consuming securities law cases can be. It also highlights the importance of registering companies as broker-dealers in order to protect investors and ensure that they are provided with the necessary disclosures and protections.

Overall, Sam Bankman-Fried’s trial may be delayed due to a review of evidence by the SEC. This could mean that the trial will not take place until late 2021 or early 2022. It is unclear how this delay will affect the outcome of the case, but it is likely to have serious consequences for Bankman-Fried if he is found guilty.