Judge Declares Letter from Senators Inappropriate in Crypto Exchange Collapse Case

• A letter from four U.S. senators was deemed “inappropriate” by Delaware Judge John Dorsey as an intervention in bankruptcy proceedings.
• The letter from John Hickenlooper (D-Colo.), Thom Tillis (R-N.C.), Elizabeth Warren (D-Mass.) and Cynthia Lummis (R-Wyo.) called for an independent examiner to investigate the collapse of the crypto exchange.
• Judge Dorsey stated that the letter will have no impact on his decisions and that he will only make decisions based on the facts and law presented by the parties.

Delaware Judge John Dorsey has declared an intervention from four U.S. senators as inappropriate and stated that it will have no impact on his decisions. The letter, which was sent by John Hickenlooper (D-Colo.), Thom Tillis (R-N.C.), Elizabeth Warren (D-Mass.) and Cynthia Lummis (R-Wyo.), was in relation to the collapse of a crypto exchange and called for an independent examiner to investigate the incident.

The hearing occurred on Wednesday, and Judge Dorsey addressed the letter directly, stating that it was an “inappropriate ex parte communication”. He then further clarified that his decisions on the matter referred to in the letter will only be based upon admissible evidence and the arguments of parties and interest presented in open court.

The letter from the senators certainly raised questions about the ability of the exchange to protect its customers and their funds. It also asked for an independent investigation to be carried out in order to determine the cause of the collapse. The senators expressed concerns that the exchange had not made sufficient efforts to protect its customers from losses.

Judge Dorsey responded to the letter, stating that he will make his decisions based solely on the facts and law presented by the parties and not on the senators’ letter. He also stated that the letter will have no impact whatsoever on his decisions. This statement is sure to be comforting to those involved in the case, as it reassures that the judicial decisions will not be swayed by external pressure.

It remains to be seen what the outcome of the case will be, but one thing is certain: Judge Dorsey will make his decisions based solely on facts and law presented in open court.