Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. I’m your host, Nikhilesh De. This week on "Nik learns legal processes": Here's what to expect with Sam Bankman-Fried's appeal of his conviction last year.
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As expected, Sam Bankman-Fried's legal team filed a notice of his intent to appeal his conviction on fraud and conspiracy charges. So far all we have is just the notice – the actual brief won't come for some time yet. Martin Auerbach, of counsel with Withers Bergman, told CoinDesk that Bankman-Fried's legal team must file the brief within 91 days of his receiving the completed transcript from the hearing. The Department of Justice would likewise have 91 days in which to file its opposition, and Bankman-Fried's team will have another three weeks to file a reply. "Skilled appellate counsel – which SBF has – will scour the record for any procedural or substantive issue that offers hope on appeal," he said. "The review of the record will presumably focus first on those issues on which [Bankman-Fried's] trial counsel specifically objected and noted, preserving their objections." They may also look at areas where they could argue that "'plain error' occurred affecting 'substantial rights,'" which would be an issue the appeals court may take up. "The focus here will likely be on novel substantive and procedural rulings by the court that an appellate court might see as significant," he said. Another possible option would be for Bankman-Fried's appeal attorneys to argue "ineffective assistance of counsel," though Auerbach said this option was "rarely if ever made." Bankman-Fried's team is likely to request an oral argument as well – though really, either party could – and the Court of Appeals must hold a hearing should that happen. "It is unlikely that oral argument will be heard less than nine months from now, since the Court of Appeals will want to fully review the briefs and the record before the hearing," he said. "Once oral argument has been held, the Court can and will take as much time as it needs to reach a thorough and carefully reasoned decision." |
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If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Twitter @nikhileshde. You can also join the group conversation on Telegram. See y’all next week! |
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