Why Ex-UBS Trader Is Seen as Threat to U.S. Forex Cases

The transcript discusses a legal case involving European banks and US sanctions, focusing on the argument that US laws should not apply to activities conducted in Europe. The case references BNP Paraba and explores the potential impact on the DOJ's FX investigation. The discussion includes legal interpretations, anticipated judicial responses, and the broader implications of the case outcome.

What arguments is the government expected to present in response to the case?

What are the potential consequences if the judge rules in favor of the defendant?