Friday, November 11, 2022

I smell a rat: Senators moving forward with SBF-backed bill after FTX collapse

So regulators with close ties to the most corrupt execution in the entire crypto space craft a bill with said corrupt guy then use his corruption to advance said agenda all the while continuously ignoring for years requests for regulatory clarity from the good ones? 

Ckown world in HD.


 https://www.theblock.co/post/185746/senators-moving-forward-with-sbf-backed-bill-after-ftx-collapse?utm_source=twitter&utm_medium=social

The bipartisan authors of Senate legislation that would increase oversight of cryptocurrencies considered to be digital commodities in the U.S., like bitcoin, plan to move forward with the bill.

Embattled FTX CEO Sam Bankman-Fried had been the strongest industry proponent of the bill, known as the Digital Commodities Consumer Protection Act. The bill would grant the Commodity Futures Trading Commission, one of the two U.S. markets regulators, more power over cryptocurrency markets and exchanges.



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