FTX’s Sam Bankman-Fried Visited White Home in Might

Key Takeaways

  • FTX CEO Sam Bankman-Fried and different staff 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 Home

FTX 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 workforce met with President Biden. Slightly, they met with Biden administration coverage adviser Charlotte Butash and counselor Steve Ricchetti.

The small print of the assembly should not clear. Nonetheless, the go to coincided with considered one of Sam Bankman-Fried’s appearances earlier than Congress. On Might 12, Bankman-Fried and numerous people testified earlier than Congress, advocating for a March proposal that will 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 business members.

Sam Bankman-Fried’s brother Gabriel additionally visited the White Home alongside the remainder of the workforce. Although Gabriel will not be related to FTX, the 2 brothers have cooperated on points equivalent to a pandemic readiness PAC. The PAC doesn’t have any relation to cryptocurrency, despite rumors.

It’s not clear that any of these points had been mentioned on the White Home, however FTX’s engagement with laws signifies that some variation on these subjects had been doubtless mentioned.

FTX has established itself as a serious crypto change because it opened in 2019. It dealt with almost $2 billion in quantity over the previous 24 hours; FTX.US dealt with one other $220 million.

Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different cryptocurrencies.

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