The post FTX Executives Accuse DOJ of Political Bias in Prosecution Under Biden Administration appeared first on Coinpedia Fintech News

The collapse of FTX has once again moved beyond financial misconduct and into the realm of politics, as former executives Ryan Salame and Sam Bankman-Fried revive accusations of bias within the U

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His legal team has long maintained that Bankman-Fried was presumed guilty from the outset, citing prosecutorial conduct, intense media coverage, and judicial bias. They argue that these factors prevented a fair trial and limited the consideration of exculpatory evidence.

Clemency Hopes Under a New Political Climate

Salame’s remarks come as he seeks clemency from President Donald Trump, who has publicly criticized what he describes as the “weaponization” of federal agencies. Salame praised Trump’s executive order aimed at reviewing past prosecutions and expressed hope for relief similar to clemency granted to other high-profile crypto figures, including Changpeng Zhao and Arthur Hayes.

While Trump has not pardoned anyone directly linked to the FTX scandal, Salame’s supporters believe his guilty plea and status as a Republican donor could strengthen his case.

Market Response and Industry Unease

Amid the renewed debate, FTX’s native token, FTT, rose more than 3% to trade near $0.48. However, the modest price move did little to ease broader concerns. Within the crypto community, reactions have been emotional and polarized, with many warning that selective enforcement could set a dangerous precedent for crypto executives.

As the legal battle continues, the FTX case increasingly reflects deeper questions around political influence, prosecutorial discretion, and trust in U.S. institutions, issues that now loom as large as the financial collapse itself.

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FAQs

What happened to FTX and why did it collapse?

FTX collapsed in November 2022 after it was revealed customer funds were misused, triggering a liquidity crisis and one of crypto’s largest bankruptcies

What are Ryan Salame’s allegations against the DOJ in the FTX case?

Ryan Salame alleges DOJ prosecutors selectively targeted him for Republican donations while overlooking similar Democratic-linked political contributions.

Why are claims of political bias emerging in the FTX prosecution?

The claims stem from differing treatment of political donations, raising concerns that enforcement decisions may have been influenced by party affiliation.