Ryne Miller, the former general counsel of the now-defunct FTX crypto exchange, has launched his own law firm, Miller Strategic Partners. The firm will specialize in providing regulatory and strategic advice to digital asset and blockchain companies. Additionally, it will offer crisis response management and regulatory guidance for participants in the trading and market industry. William Schroeder, a law professor with a long career at Sullivan & Cromwell, will join Miller as a partner in this venture.
Miller, in his LinkedIn announcement, expressed his enthusiasm for partnering with Schroeder and their commitment to assisting clients in advancing fair, competitive, innovative, and efficient markets across various asset classes.
Miller left FTX in March, four months after the exchange filed for Chapter 11 bankruptcy protection. Before his role at FTX, he served as a partner at Sullivan & Cromwell and as legal counsel to Chairman Gary Gensler at the Commodity Futures Trading Commission.
This news follows a series of plea deals by FTX executives related to the exchange’s collapse. Notably, Ryan Salame, former co-CEO of FTX Digital Market, revealed plans to plead guilty to criminal charges associated with the exchange’s downfall. Other FTX executives, including Caroline Ellison, Gary Wang, and Nishad Singh, have also pleaded guilty to various charges. However, Sam Bankman-Fried, the founder of FTX, has maintained a not guilty plea.
Recent developments indicate that FTX holds approximately $7 billion in assets, including significant holdings in Solana (SOL) tokens and Bitcoin (BTC). A US Bankruptcy Court ruling allows FTX to sell and invest its crypto holdings to repay creditors.
By FCCT Editorial Team
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