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Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg
Ryan Salame was co-CEO of FTX Digital Markets and handled political donations for the crypto exchange.
Updated Sep 8, 2023, 4:36 p.m. Published Sep 7, 2023, 2:20 p.m.
UPDATE (Sept. 7, 2023, 19:25 UTC): Ex-FTX Digital Markets CEO Ryan Salame pleaded guilty to charges on Thursday afternoon.
Ryan Salame, who was one of Sam Bankman-Fried’s top deputies at FTX, plans to plead guilty to criminal charges on Thursday, Bloomberg reported.
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Salame was co-CEO of FTX Digital Markets and allegedly handled crypto exchange FTX’s political donations. He made substantial donations to Republican candidates.
The plea comes a few weeks before Bankman-Fried’s trial begins in New York. Salame will appear at a hearing in Manhattan later Thursday, Bloomberg reported.
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U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
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- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
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