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Sam Bankman-Fried Could Back Off Lobbying For Crypto Legislation

Sam Bankman-Fried has been entangled in a debate about crypto policy regulation for days. Last week, he released a long crypto policy blog that was received with derision by several industry insiders. Bankman-opinions Fried’s on how to control decentralized financing ventures, particularly irritated critics.

Sam Bankman-Fried Could Back Off Lobbying For Crypto Legislation 2

As a result, the FTX CEO may reconsider campaigning for crypto legislation, he indicated days after triggering a controversial policy discussion.

In a Twitter discussion, Bankman-Fried stated.

On Friday, Sam Bankman-Fried debated ShapeShift CEO Erik Voorhees for two hours. The crypto podcast Bankless sponsored the live-streamed event. A day later, Bankman-Fried stated that he would leave the future of the crypto policy discussion to others online, even if he disagreed with their positions.

Sam Bankman-Fried has lobbied senators behind the scenes to adopt a market regulation measure introduced by Sens. Debbie Stabenow, D-Mich., and John Boozman, R-Ark.

The Digital Commodities Consumer Protection Act would grant the Commodity Futures Trading Commission greater regulatory authority over cryptocurrency exchanges. A new legislative draft would also allow for a decentralized financial study to impact future decisions.

Coincu will continue to update the situation related to SBF, you can find out more information through this article.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.