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Key Takeaways
FTX CEO Sam Bankman-Fried and different workers of the FTX change visited the White Home in Might.
Particulars of the go to are unknown, however the go to coincided with Bankman-Fried’s testimony earlier than Congress.
FTX workers met with members of the Biden administration reasonably than President Joe Biden himself.
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FTX CEO Sam Bankman-Fried and different change workers visited the White Home in Might, in keeping with customer logs.FTX CEO and Others Visited White HouseFTX workers visited the White Home this 12 months.Newly-published log paperwork present that the workers visited the presidential residence on Might 12 and Might 13, 2022.The customer log names three people who work at FTX: CEO Sam Bankman-Fried, director of presidency relations and coverage Eloria Katz, and head of coverage Mark Wetjen.
It doesn’t seem that the FTX staff met with President Biden. Reasonably, they met with Biden administration coverage adviser Charlotte Butash and counselor Steve Ricchetti.The main points of the assembly should not clear. Nonetheless, the go to coincided with one among Sam Bankman-Fried’s appearances earlier than Congress. On Might 12, Bankman-Fried and varied people testified earlier than Congress, advocating for a March proposal that may permit for non-intermediated derivatives buying and selling.Later, on Might 25, Sam Bankman-Fried attended a spherical desk hosted by the Commodity Futures Buying and selling Fee (CFTC) on the identical situation. That occasion included many trade members.Sam Bankman-Fried’s brother Gabriel additionally visited the White Home alongside the remainder of the staff. Although Gabriel isn’t related to FTX, the 2 brothers have cooperated on points reminiscent of a pandemic readiness PAC. The PAC doesn’t have any relation to cryptocurrency, regardless of rumors.It isn’t clear that any of these points had been mentioned on the White Home, however FTX’s engagement with rules signifies that some variation on these matters had been doubtless mentioned.FTX has established itself as a significant crypto change because it opened in 2019. It dealt with practically $2 billion in quantity over the previous 24 hours; FTX.US dealt with one other $220 million.Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
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