Fun

Failed House candidate and partner of ex-FTX exec starts crypto think tank

News Feed - 2024-06-21 01:06:00

Turner Wright7 hours agoFailed House candidate and partner of ex-FTX exec starts crypto think tankContributions to Michelle Bond’s 2022 congressional campaign were part of a criminal investigation into her partner, Ryan Salame.400 Total views24 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksWith her partner set to report to prison in 70 days after his sentencing related to FTX’s downfall, Michelle Bond announced the launch of a crypto-focused think tank in Washington, DC.


In a June 20 notice, Bond said she had helped launch the think tank Digital Future. According to her LinkedIn, the think tank is one of the first professional experiences Bond listed since the collapse of cryptocurrency exchange FTX. Contributions to her 2022 campaign for the U.S. House of Representatives connected to the firm became part of the charges against her partner Ryan Salame, the former co-CEO of FTX Digital Markets.


According to Bond, the think tank would focus on helping create a “favorable regulatory environment” for financial technology, digital assets and artificial intelligence (AI) in the United States. She added that U.S. lawmakers “have yet to pass significant and impactful legislation on crypto and AI.” 


Before the collapse of FTX, Bond served as the CEO of the Association for Digital Asset Markets. She has also been the CEO of Capitol Advisory since 2023 — a “consulting firm that assists fintech firms with regulatory, legal and public policy issues and advice” — and served as counsel for the U.S. Senate Banking Committee from 2011 to 2012.Michelle Bond"s resignation from the Association for Digital Asset Markets. Source: Michelle Bond


The timing of the crypto think tank’s launch was unclear. Less than five months remain until the U.S. presidential election, and many states hold primaries in June. Cointelegraph reached out to Digital Future for comment but did not receive a response at the time of publication.


Related:Why was Ryan Salame given a sentence longer than prosecutors recommended?


In September 2023, Salame pleaded guilty to conspiracy to make unlawful political contributions and operate an unlicensed money-transmitting business. In May, a federal judge sentenced the former FTX executive to 7.5 years in prison. He is scheduled to report to authorities on Aug. 29.


Salame’s charges were directly related to Bond’s congressional campaign. She ran as a Republican to represent New York’s 1st Congressional District in 2022, but the campaign did not move beyond the party’s primary. The former FTX executive allegedly contributed to Bond’s campaign on behalf of a corporation, violating U.S. law.


Since his sentencing hearing, Salame resumed activity on his X account for the first time in roughly two years, commenting on the crypto market and the U.S. political landscape ahead of reporting to prison. He has a seven-month-old child with Bond.


Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Washington# Cryptocurrencies# Think Tank# Policies# FTX# RegulationAdd reaction

News Feed

Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch
Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch A number of financial giants including Fidelity Investments, Citadel Securities, and
Hugo Volz Oliveira1 hour agoVitalik Buterin’s Privacy Pool idea is interesting, but it’s just the startVitalik Buterin"s September paper about Privacy Pools touched on an idea that could be the start of a new approa
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digita
MakerDAO implements temporary fee adjustments amid market volatility
Amaka Nwaokocha57 minutes agoMakerDAO implements temporary fee adjustments amid market volatilityThe adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Go
Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet
Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet Square Inc. has affirmed that its focus is on helping bitcoin become the native currency for the in
Spot Ethereum ETFs are coming, but ETH derivatives markets are flat
Marcel Pechman3 hours agoSpot Ethereum ETFs are coming, but ETH derivatives markets are flatEther futures show little confidence in the chance of ETH breaking above $4,000 in the near term.1986 Total views121 Total share
Derek Andersen2 hours agoAPEC finance ministers to share perspectives on crypto at meeting in San FranciscoU.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of
Zhiyuan Sun8 hours agoSolana game developer Automata announces mass layoffs“It is with a heavy heart that I am writing today to share news about team restructuring efforts we are effectuating today," wrote CEO and
Former Bitcoin Dev Gavin Andresen Revises 2016 Blog Post, Calls Trust in Craig Wright a ‘Mistake’
Former Bitcoin Dev Gavin Andresen Revises 2016 Blog Post, Calls Trust in Craig Wright a ‘Mistake’ During the first week of Feb. 2023, the United Kingdom Court of Appeal overtur
JPEX Announces Partnership Extension with Western Sydney Wanderers
JPEX Announces Partnership Extension with Western Sydney Wanderers press release PRESS RELEASE.JPEX, a licensed digital bank designed to enable the buying and selling of virtual and
BlackRock's IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows
Brayden Lindrea3 hours agoBlackRock"s IBIT draws $260M as Bitcoin ETFs notch 8th day of inflowsUnited States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more
Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike
Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike Dogecoin and shiba inu fell by as much as 5% in today’s session, as markets reacted to the European Central Bank (ECB) rat