Former FTX exec’s wife seeks to preclude husband’s plea
#### Standfirst
Michelle Bond, the former co-CEO of FTX Digital Markets who pleaded guilty in 2023, has filed a motion with the US District Court for the Southern District of New York seeking to exclude evidence related to her husband’s guilty plea as part of her defense against campaign finance charges. The key facts include Ryan Salame pleading guilty to aiding a campaign funded by an entity linked to FTX Digital Markets.
#### Article
Michelle Bond, the former co-CEO of FTX Digital Markets who pleaded guilty in 2023 to aiding a campaign that included contributions from an entity tied to FTX, has filed a motion with the US District Court for the Southern District of New York seeking to exclude evidence related to her husband’s guilty plea. This move is part of her defense against campaign finance charges.
The validity and sufficiency of the Commodity Exchange Act (CEA) in treating event contracts as covered under “swaps” remains uncertain, adding another layer of complexity to this legal dispute. Michelle Bond’s motion challenges the introduction of evidence related to Ryan Salame’s guilty plea, indicating her efforts to strategically manage the impact of his conviction on her own case.
Written by Steven Cook
Regulation Desk
