Why did prosecutors drop a campaign finance charge against Sam Bankman-fried?

The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge against Sam Bankman-Fried may keep his trial focused on what the government considers his main crime: stealing billions of dollars from cryptocurrency customers at his now-bankrupt FTX exchange.

Did prosecutors drop Bankman-fried charge?

However, only one charge was dropped by prosecutors. Nicholas Biase, a spokesperson for the United States Attorney’s Office for the Southern District of New York, confirmed to The Associated Press over email. Bankman-Fried remains criminally charged, as indicated on the public docket, he said.

Why did Bankman-fried get a campaign finance charge?

As the AP reported, the campaign finance charge pertained to the government’s allegation that Bankman-Fried had enabled over $100 million siphoned from Alameda Research — his cryptocurrency hedge fund trading firm — to fund unlawful political contributions.