4 ms·
I was under the impression that FTX US wasn’t implicated yet and only FTX Bahamas was. While SBF likely broke US laws, it’ll take a while to investigate those a
by Calvin02 4y ago
I was under the impression that FTX US wasn’t implicated yet and only FTX Bahamas was. While SBF likely broke US laws, it’ll take a while to investigate those and charge him.
Additionally, this didn’t really touch “mainstream” investors in the US.
Is that not right?
- alephnerd 4y agoThe big issue right now conflict of interest wise is that a number of legislators on both sides of the aisle haven't returned FTX donated money, and the CFTC bill that FTX lobbied for is still alive and well in the Senate. I'm not a crypto fan in any way, but opaque campaign financing is an issue that needs to be resolved.
- tptacek 4y ago'JumpCrisscross has written a bunch of good comments here about how overblown and silly SBF's supposed political influence is. It's mostly a talking point for him. With a divided government for the next 2 years there's little chance of any serious legislation passing. New financial regulation? Even less of a prospect. Whatever bill FTX was advocating for, with their powerhouse of 8 congressional backbenchers, it's DOA now.
- lostmsu 4y agoIf the bill was conceived and introduced before SBF promised to donate, him making a donation should not have any effect on the passing.