Sam Bankman-Fried, the founder and former CEO of FTX, will plead not guilty to fraud at a hearing scheduled for next week.
The Wall Street Journal reports it citing some sources.
Bankman-Fried is accused of fraud and money laundering over the bankruptcy of his cryptocurrency trading platform.
Bankman-Fried has had at least four meetings with senior White House officials this year to try to influence pending cryptocurrency legislation and strengthen his ties in Washington, according to Bloomberg.