"There's no question that [lack of skepticism was] because he was known to be a donor," said Himes of Bankman-Fried."There were members of Congress who wanted to meet him. He was invited to conferences ...
"Here's a very young individual who was interested in crypto but is also interested in things like inoculations and vaccines and seems to have about 190 [in] IQ, something that's not necessarily common inside the Beltway." Plus, FTX “had become a household name” thanks to its Super Bowl ads and sports sponsorships, he said.invest in a company like FTX,"there's sort of a presumption, and I think it's a dangerous presumption, that this is a real company ... instead of this sort of Ponzi scheme," Himes added.With “tens of billions of dollars of stablecoins trading every day,” it may be the “best place” for lawmakers to implement a regulatory framework, he said.
“I think that can get done in Congress,” Himes said, noting that"we almost got it done in the last Congress." He would also like to see legislation mandating the registration of crypto exchanges. One thing is for certain, according to Himes: The U.S. needs to “get its act together” and come up with “smart regulation.” He said the best-case scenario is for the U.S. to work"in harmony" with regulators in Europe and Asia on crypto the same way they do on traditional finance.
jahimes _franvela Wasn't he a major donor to the Democratic party?
jahimes _franvela This tweet about cryptocurrency has been documented and categorized. It's critical leaders are forward thinking and encourage innovation in the space. Please ensure you and your staff are getting educated about the benefits of this technology.
jahimes _franvela From Newsmax - Winklevoss Twins, Genesis Target of SEC Crypto Crackdown |
jahimes _franvela But Biden still has youre full support and benefit of the doubt because you are a TRAITOR to this country with all those classified documents!
jahimes _franvela He shouldn't even be in office
jahimes _franvela Welsfargo created fake accounts and charged customers, JPM has been caught in god knows how many scandels, every bank has been involved in money laundering, cheating, price fixing but hey they give money to congress so all is good.
jahimes _franvela Crypto has nothing to do with human-driven fraud. Crypto = smart contracts like Uniswap.
jahimes _franvela But the banks do, who steal from consumers on a daily basis, to the tune of Billions
jahimes _franvela 'psst ... hey kid ... wanna buy some FTT token?'
jahimes _franvela Crypto companies should have never had the benefit of the doubt. The onchain activity is what is supposed to be be trustless, NOT the humans interacting with or building on top of them. People break rules. Code just executes them.
jahimes _franvela Lmao!!!! That picture!!!! Hahahaha
jahimes _franvela Why was there 'benefit of the doubt' in the first place?