4 ms·
> How long before SEC/regulators wake up and regulate these shadow-banks disguised as exchanges as other exchanges? Very long in this case, as SBF was the bigg
by MrPatan 4y ago
> How long before SEC/regulators wake up and regulate these shadow-banks disguised as exchanges as other exchanges?
Very long in this case, as SBF was the biggest donor to the Biden campaign.
Last few weeks he was even trying to involve himself in writing the regulations he wanted, trying to kill DeFi and make it comfy for himself against other CEXes, no doubt.
Some people say that's what triggered CZ to act.
And now the whole of FTX and $8 buys you a mosquito net, what a world.
- kasey_junk 4y agoDo you have a source for the Biden funding remark? Open secrets suggests about 11M in donations came from SBF controlled entities but that’s pretty far down the list. The top contributions were from Bloomberg at 93M. Those are for company controlled pacs as well, so not just SBF. For individuals the best info I could find doesn’t list SBF as a major donor. https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669 https://www.opensecrets.org/2020-presidential-race/joe-biden...