Should the crypto community take the heat for SBF's actions? Let us know your thoughts.
“My fear is that we'll view Sam Bankman-Fried as just one big snake in a crypto Garden of Eden. The fact is crypto is a garden of snakes.”, are being purchased in hopes of selling them for a higher price.
Rep. Brad Sherman during the FTX hearing in front of the U.S. House Committee on Financial Services. Source: YouTube He also highlighted how entrepreneurs such as"Sam Bankman-Fried would tell you there's a hell of a market for bankruptcy court evasion" and pointed out how crypto aids tax evasion efforts of bad actors.
On the other hand, Congressman Tom Emmer distanced the FTX fallout from the institution of cryptocurrencies while
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Everyone SBF Planned To Blame In Front Of Congress Today — Before He Was ArrestedIn the testimony Sam Bankman-Fried intended to give in front of Congress before he was arrested, obtained by Forbes, the former FTX CEO says he “fucked up” — and then goes on to target others involved in the company's demise and bankruptcy proceedings.
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