Key Takeaways
- FTX CEO Sam Bankman-Fried and different workers of the FTX trade visited the White Home in Could.
- Particulars of the go to are unknown, however the go to coincided with Bankman-Fried’s testimony earlier than Congress.
- FTX employees met with members of the Biden administration slightly than President Joe Biden himself.
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FTX CEO Sam Bankman-Fried and different trade employees visited the White Home in Could, in line with customer logs.
FTX CEO and Others Visited White Home
FTX employees visited the White Home this 12 months.
Newly-published log documents present that the staff visited the presidential residence on Could 12 and Could 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. Relatively, they met with Biden administration coverage adviser Charlotte Butash and counselor Steve Ricchetti.
The main points of the assembly will not be clear. Nevertheless, the go to coincided with one among Sam Bankman-Fried’s appearances earlier than Congress. On Could 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 Could 25, Sam Bankman-Fried attended a round table hosted by the Commodity Futures Buying and selling Fee (CFTC) on the identical problem. That occasion included many trade members.
Sam Bankman-Fried’s brother Gabriel additionally visited the White Home alongside the remainder of the workforce. Although Gabriel just isn’t 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 isn’t clear that any of these points have been mentioned on the White Home, however FTX’s engagement with laws implies that some variation on these subjects have been probably mentioned.
FTX has established itself as a serious crypto trade 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.
