Friday, January 2, 2026

After Mistrial for Crypto Bros Judge Lets In DeFi Ed Fund Amicus Book Asks Is Code Law


by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Jan 2 – Anton and James Peraire-Bueno were indicted for "conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering.  The charges in the Indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds."  

More on X for Subscribers here and Substack here.

On the evening of November 3 the defense put in a filing, on Patreon here

On November 7 it went to 7 pm when the jury sent out a note they were suffering and making no progress. Judge Clarke declared a mistrial. In the hall Inner City Press spoke with the brothers' mother, others including from the jury - and it put out a book hours later: "Crypto Bros Mistrial: Code Is Law Live On?" - here

On December 19, the DeFi Education Fund proposed an amicus brief arguing inter alia that due process requires the government to impose new rules on novel technologies through lawmaking, not prosecutions." 19 page proposed amicus brief on Patreon here

On January 2 Judge Clarke let it in: "Application GRANTED. The Court is in receipt of the parties' motions and responses on this issue and hereby grants leave to the DeFi Education Fund to appear as amicus curiae and file its proposed brief. The Clerk of Court is respectfully directed to terminate ECF No. 228. (Signed by Judge Jessica G. L. Clarke on 1/2/2026)."

The case is USA v. Peraire-Bueno, et al., 1:24-cr-293 (Clarke)

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