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The result of the race to become the next first minister of Wales will be revealed today.

Jeremy Miles, the current minister for education and Welsh language, and Vaughan Gething, the minister for the economy, have been competing to see who will lead Welsh Labour and the country.

Which of the two has succeeded will be announced this morning, after voting closed at midday on Thursday.

The pair are bidding to replace Mark Drakeford, who has been first minister since 2018 and announced his intention to resign late last year.

The election of either candidate would be a historic milestone for Wales.

Mr Gething would be the country’s first Black first minister and Mr Miles the first to be openly gay.

Whoever succeeds will be the country’s fifth leader since the Senedd was established in 1999.

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Only Labour members or those who are part of an affiliated organisation, such as a trade union, were able to participate in the vote – meaning about 100,000 people were able to take part.

Mr Gething had the backing of most of the large unions and Lord Kinnock, who led the UK party from 1983 to 1992.

Mr Miles saw support from the majority of the Labour members of the Senedd.

Mr Drakeford is not expected to stand down immediately, with his final first minister’s questions on Tuesday next week.

File photo dated 09/12/22 of First Minister of Wales Mark Drakeford. The people of Wales lost out on £155.5 million of public funding due to "poor account management" by Mr Drakeford's Government, a Senedd committee has claimed. Issue date: Monday March 27, 2023.
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Mark Drakeford. Pic: PA

A vote will also need to take place in the Senedd at which opposition groups can put forward their own candidates.

With Labour the largest party, it is unlikely that any other group would take the role.

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The handover in power comes as Wales faces a challenging time, with farmers protesting, NHS waiting lists hitting record highs and an economy recovering from the COVID pandemic.

Mr Drakeford accepted there would be issues for his successor to deal with.

He told the PA news agency: “At whatever point anybody takes on this job there will always be an in-tray that is full, and it will always be an in-tray that’s got some challenging issues in it.”

Asked what advice he would give his successor, Mr Drakeford told them to “be bold” and to “push the boundaries”.

He said: “I’ve long argued that the danger for my party having been in power for an extended period in Wales is that we might look as though we’re simply sort of resting on our laurels, just sort of sitting back and just turning the handle on government.

“The Labour Party is ambitious, it is radical, it is reforming, it will grasp the really challenging issues.”

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Ex-prosecutor denies promising not to charge FTX executive’s partner

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Ex-prosecutor denies promising not to charge FTX executive's partner

Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the company’s executives. 

In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon testified about the guilty plea of Ryan Salame, the former co-CEO of FTX Digital Markets, which resulted in his sentencing to more than seven years in prison. 

According to reporting from Inner City Press, Sassoon said that her team would “probably not continue to investigate [Salame’s] conduct” if he agreed to plead guilty. Further investigation into the former FTX executive and his then-girlfriend, Michelle Bond, resulted in the latter facing campaign finance charges.

“I’m not in the business of gotcha or tricking people into pleading guilty,” said Sassoon, referring to Bond being charged after Salame’s plea. 

Bond, one of the final figures tied to the criminal cases involving former FTX executives, has been attempting to have her charges dismissed based on claims that prosecutors “induced a guilty plea” from Salame. The end of her case would likely mark the final chapter in criminal charges that began when FTX filed for bankruptcy in November 2022.

Related: Three years after FTX’s collapse, creditors wait as the industry rebuilds trust

She pleaded not guilty to charges of conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate contribution and causing and receiving a conduit contribution.

The charges are closely tied to Salame allegedly ordering $400,000 in funds connected to FTX, which was used for Bond’s 2022 campaign for a seat in the US House of Representatives.

It’s been three years since FTX collapsed… who’s in prison?

Salame reported for his seven-and-a-half-year prison sentence in October 2024. Caroline Ellison, the former CEO of Alameda Research, pleaded guilty and began serving a two-year sentence in November 2024.

Two other former executives named in the indictment, Nishad Singh and Gary Wang, pleaded guilty and received sentences of time served.

For Bankman-Fried, however, the saga is ongoing. The former CEO has been behind bars since August 2023, when a judge revoked his bail over allegations of witness intimidation. He was later tried, found guilty and sentenced to 25 years in prison as part of proceedings closely monitored by many in the crypto and blockchain industry.