What to Expect at Former Alameda Research CEO Caroline Ellison's Sentencing
Caroline Ellison, former CEO of Alameda Research, awaits sentencing after pleading guilty to fraud and conspiracy charges. Her attorneys argue against prison time, citing her extensive cooperation with prosecutors and efforts to assist FTX's bankruptcy estate. The Department of Justice has not made a specific sentencing recommendation but supports a sentence below guidelines due to her cooperation. Ellison's pre-sentence report suggests three years of probation and time served. Judge Lewis Kaplan, who oversaw her testimony, will determine her fate. Her sentence may influence the upcoming sentences for other former FTX executives, Nishad Singh and Gary Wang. In a separate case, a federal appeals court heard arguments regarding Coinbase's petition for the SEC to clarify its rules on digital assets, with the SEC asserting it is not obligated to create a specific framework.
