Based on Blockworks, the trial of Anton and James Peraire-Bueno in the Southern District of New York is set to determine whether Ethereum's code can be considered law. The brothers are accused of stealing $25 million in ETH by exploiting Ethereum's system, with prosecutors alleging fraud and money laundering. The defense argues they followed Ethereum's rules, comparing the case to a baseball play. Both sides used analogies, such as cooking and sandwich bots, to explain complex blockchain mechanics to the jury. The outcome could have major implications for how blockchain activities are legally interpreted in the U.S.
Ethereum Code Trial: Can a Jury Judge Blockchain?
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