FTX CEO‘this Sam Bankman-Friedand it turned out that FTX’s regulatory team made a visit to the White House in May.
Sam Bankman-Fried and the FTX regulatory team White HouseIt is noteworthy that his visit took place at a time when it was discussed which institution should be responsible for the crypto money market in America.
FTX Team’s White House Visit Taken Amid Controversy
As the primary crypto federal regulator in America Commodity Futures Trading Commission(CFTC) or Securities and Exchange CommissionThis visit was made while discussing whether the SEC (SEC) should take on the task.
The newly released visitor diaries show Bankman-Fried, Eloria Katz, FTX’s director of government relations and policy, and Mark Wetjen, a former CFTC commissioner who is now FTX’s head of policy, visited the White House in mid-May to meet with policy adviser. . The records did not detail what the meetings were about.
FTX currently has a proposal before the CFTC which argues that it should be allowed to directly do certain crypto-related transactions.
Testifying before Congress at the hearing, which took place on May 12, Sam Bankman-Fried has repeatedly stressed that FTX has no plans to go beyond digital assets. It is not yet known when a decision will be made regarding FTX’s proposal to the CFTC.
