Damian Williams, the prosecutor behind the FTX’s Sam Bankman-Fried trial, is potentially planning to leave the US District Court for the Southern District of New York before Trump takes office in January. 

Reports from earlier in the week suggested that Trump is planning to replace Williams with Jay Clayton, the former SEC chair.

High-Profile Crypto Trials Under Damian Williams

Williams was appointed in 2021 under President Joe Biden. Since then, he has led some of the most high-profile crypto fraud prosecutions in recent years. His office played a critical role in holding crypto executives accountable following the sector’s turmoil in 2022.

According to Bloomberg reports, Deputy Attorney Ed Kim stepping in as acting US Attorney until a permanent replacement is confirmed.

“Trump has expressed his sympathy for Adams amid the prosecution — motivated by his own political grudges — and he does plan to oust U.S. Attorney Damian Williams, the federal prosecutor who indicted Adams on federal corruption and bribery charges”, WNYC wrote in an X (formerly Twitter) post. 

Williams’ tenure included the prosecution of Sam Bankman-Fried, the former CEO of FTX. Bankman-Fried was convicted on all seven charges and sentenced to 25 years in prison. 

Earlier this year, Caroline Ellison was also sentenced to two years in prison due to her role in the FTX collapse. Ellison received a reduced sentence because of her cooperation during Bankman-Fried’s trial. 

In 2023, Williams’ team also secured a landmark conviction in an insider trading case involving a former product manager at O

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Author: Mohammad Shahid

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