SBF Had Secretly Met With Biden Senior Advisors At Least 4 Times Before FTX Bankruptcy

Key Points:

• The SBF had secretly met with the Biden administration on September 8 at the White House.
• This year at least four meetings have been held.
• Before the fall of the FTX empire, FTX built an excellent relationship with high-ranking officials to participate in cryptocurrency policy.

Before the bankruptcy of FTX, the SBF had secretly met with senior Biden advisers at least four times this year. Reportedly, the SBF last met Steve Ricchetti, one of Biden’s senior advisers, on September 8, according to Bloomberg.

According to the visitor log, Mr. Bankman-Fried has made at least three other previously disclosed visits to the White House. These include one with Bruce Reed, another senior Biden aide, officials confirmed.

Another report said that the SBF’s brother, Gabriel Bankman-Fried, was credited with holding a meeting in March of his own, totaling at least five White House meetings this year that involved joined by one or both brothers.

Before facing criminal charges over the collapse of one of the market’s largest exchanges, SBF was a key figure in Washington and contributed to the general discussion of the matter of regulations and policies related to the cryptocurrency industry and exchanges, as well as pandemic prevention related to the Pandemic Protection fund, run by Gabriel Bankman-Fried.

FTX’s relationship with Washington has been scrutinized since the exchange’s collapse. A person familiar with the meetings said that politics is not discussed at the White House meetings.

The former billionaire often espouses the need for stricter regulation of cryptocurrencies and advertises himself and his companies as ethical.

But US prosecutors now paint a completely different picture, alleging misconduct, including conspiring with others to use company money and hidden sponsors for donations politics and misuse of billions of dollars of customer funds.

Currently, SBF is facing eight charges. If determined, he could face decades in prison. SBF is out on $250 million bail and is expected to plea in court next week.

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