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

cyptouser4 months agoCryptocurrencies News60
55966e89>

With 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

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Bitcoin miners may ‘fear’ the halving, but they cherish it too

Bitcoin miners may ‘fear’ the halving, but they cherish it too

1205f261˃For over a decade, the quadrennial Bitcoin (BTC) halving event has delighted early Bitcoin...

Why is Bitcoin DeFi blooming? Developers share their insights

Why is Bitcoin DeFi blooming? Developers share their insights

55966e89˃In the past year, the namesake 16-year-old blockchain has seen the new arrivals of features...

Ripple would "welcome" an XRP ETF, CEO says

Ripple CEO Brad Garlinghouse commented on prospects for an XRP exchange-traded fund (ETF) in an inte...

Bitcoin price buys time at $61K as US jobless claims hit 9-month highs

Bitcoin price buys time at $61K as US jobless claims hit 9-month highs

55966e89˃Bitcoin (BTC) failed to sustain a rebound at the May 9 Wall Street open while new macro dat...

Over 35 fake Elon Musks live-streamed during SpaceX launch

Over 35 fake Elon Musks live-streamed during SpaceX launch

55966e89˃YouTube was again flooded with deep fake versions of Elon Musk on Thursday, with scammers h...

SEC will not appeal Grayscale decision, bringing spot Bitcoin ETFs closer to reality

In a decisive development, the U.S. Securities and Exchange Commission (SEC) has decided not to appe...