Judge approves deferral of CFTC's civil action against SBF until after criminal case ends

A judge has granted U.S. prosecutors' request that the Commodity Futures Commission (CFTC) delay civil proceedings against SBF. In a filing last week, prosecutors asked a judge to delay a civil fraud lawsuit brought by the Securities and Exchange Commission (SEC) and CFTC against SBF until its criminal charges are concluded. Prosecutors said suspending the civil case would save time and resources because the outcome of the criminal case "could have a significant impact on issues that ultimately are at issue in the civil case." A request to postpone the SEC's civil action is still pending. According to previous news, SBF has agreed to suspend the trial of the civil case, as have lawyers for FTX and Alameda's other executives Gary Wang and Caroline Ellisone, as well as lawyers for FTX.com and the Alameda bankruptcy estate. Additionally, SBF has pleaded not guilty to criminal fraud charges against him. The criminal case will begin in October.

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