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“Biden DOJ Picked People, Not Crimes,” FTX’s Ryan Salame and SBF Say

Varinder Singh
2 hours ago
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
"Biden DOJ Picked People, Not Crimes," FTX's Ryan Salame, SBF Say

Highlights

  • FTX's Ryan Salame accused the Biden-era DOJ of selective prosecution, ignoring evidence, and sparing Democrats.
  • SBF also claimed that the Biden-era DOJ targeted people and many were presumed guilty.
  • Salame also seeks clemency from US President Donald Trump.

Ryan Salame, former FTX executive serving a 7.5-year prison sentence, has accused the Biden DOJ of selective prosecution, ignoring evidence, and sparing Democrats. This comes as numerous people, including outgoing NYC Mayor Eric Adams, claimed the Biden-era DOJ used lawfare against them.

Beleaguered Crypto Exchange FTX’s Ryan Salame and SBF Accuse Biden DOJ

Ryan Salame, in a X post on January 1, reignited debate over the FTX scandal, alleging political bias and prosecution misconduct by the U.S. Department of Justice (DOJ) under the Biden administration.

Salame claimed the DOJ “picked people, not crimes,” targeting him for Republican campaign finance fraud. He added that the agency ignored similar actions by Democrats associated with FTX founder Sam Bankman-Fried (SBF). He asserts that prosecutors disregarded exculpatory evidence and silenced witnesses.

SBF’s X account also reposted Salame’s post to highlight that the Biden-era DOJ targeted people who had no knowledge of the main FTX fraud. They also ignored evidence of a lack of involvement in the scam.

Ryan Salame claimed the DOJ forced him to plead guilty to unlawful political contributions and to operating an unlicensed money-transmitting business. He also accused a former Assistant U.S. Attorney of threatening to investigate his wife.

“They held a gun on my wife while she was pregnant – both literally and figuratively. I finally capitulated to make sure those dearest to me would be unharmed and because I refused to tell lies they wanted me to,” he added.

Will Trump Pardon Ryan Salame?

Ryan Salame praised President Donald Trump’s executive order to address the alleged “weaponization” of federal agencies by the Biden admin. He hopes for reforms and a potential pardon from Trump, similar to Changpeng Zhao and Arthur Hayes.

While Trump has not pardoned anyone involved directly with the FTX crisis, Salame could get clemency as he was a Republican donor and pleaded guilty.

As CoinGape reported earlier, SBF and his defense team claimed the former crypto billionaire was “presumed guilty” from the start, facing bias from prosecutors, the press, and critically, the presiding judge. SBF argued that he never received a fair trial.

Meanwhile, FTX Token (FTT) has jumped more than 3% to trade at $0.479. The 24-hour low and high are $0.464 and $0.484, respectively.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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