David Schwartz has rejected Forbes’s argument defending SBF’s FTX conviction. The Ripple executive states that good deeds cannot erase proven fraud charges. GENIUS Act passage has now sparked debate over SBF’s regulatory advocacy efforts. Ripple Chief Technology Officer David Schwartz has criticized a Forbes article that questioned Sam Bankman-Fried’s criminal conviction, calling the defense “nonsense.” The article suggested the former FTX CEO received unfair treatment given his efforts to establish cryptocurrency regulations. The article discussed SBF’s Washington lobbying activities aimed at creating stable regulatory frameworks for digital assets. The piece claimed that his time in the capital sought necessary regulatory approval for the positive development of crypto, rather than personal gain. Schwartz Rejects Fraud Justification Arguments Schwartz directly addressed the Forbes article, emphasizing that any positive impact from SBF and FTX doesn’t erase the clear evidence of fraud. The Ripple executive stressed that criminal actions remain unacceptable, no matter what else someone has accomplished. Coin Center’s Neeraj Agrawal shared the Forbes … The post Ripple CTO Dismisses Forbes Defense of Sam Bankman-Fried as “Nonsense” appeared first on Coin Edition .
