Ryne Miller, the former top US lawyer for FTX, has been appointed as a partner at New Jersey-based law firm Lowenstein Sandler. Miller’s move, announced by the firm, marks a significant step as he takes on the task of launching a new commodities and derivatives practice within the firm. This development occurs amidst potential shifts in crypto regulation following the recent election outcomes.
Before joining Lowenstein Sandler, Miller served as the US general counsel for FTX, the crypto exchange that experienced a dramatic collapse in 2022. This collapse resulted in a high-profile fraud conviction for FTX’s founder, Sam Bankman-Fried, and initiated a complex bankruptcy process. Prior to his role at FTX, Miller was a partner at Sullivan & Cromwell, a prominent Wall Street firm that had close connections with FTX, relationships that later faced significant scrutiny.
The introduction of a commodities and derivatives practice at Lowenstein Sandler reflects a broader strategic move to capitalize on the evolving financial landscape. The firm anticipates engaging with the traditional commodities markets, which are reportedly in a bullish phase.
This appointment coincides with a critical moment in the regulatory environment for cryptocurrencies. Speculation about the future of regulatory oversight has been heightened by recent political developments, particularly the election of Trump, which some believe might temper ongoing SEC crackdowns on crypto activities. More details about Miller’s new role and the firm’s strategies can be read in the original report by Bloomberg Law.