White House Commented on Officials’ Meetings with Bankman-Freed

White House commented on officials’ meetings with Bankman-Fried

White House commented on officials' meetings with Bankman-Freed

Recent White House records indicated that former FTX chief Sam Bankman-Fried met several times with high-level Biden administration officials in 2022. White House press secretary Karin Jean-Pierre commented on the situation.

She noted that officials had discussed with Bankman-Fried nonprofit initiatives aimed at combating the coronavirus pandemic. The spokeswoman also stressed that issues related to the regulation of the digital asset industry may have been discussed during the meetings. Carine Jean-Pierre said: The White House regularly engages with prominent voices across industries, including business, labor unions, and nonprofits.

The development of the digital asset ecosystem makes it possible to build and use financial services by.

In the first 12 years since Bitcoin’s inception, its value has increased nearly 102.3 million times. In the first.

Beginning in 2017, searches often include queries like “ICO.

Bankman-Fried is known to have met with two of Biden’s top advisors, Steve Ricchetti and Bruce Reid. The last audience took place in September 2022, just weeks before the high-profile collapse of FTX.

According to experts, Bankman-Fried himself lobbied hard for the Digital Consumer Protection Act. For some cryptocurrency destinations, these amendments could have had negative consequences, but would have greatly simplified the operation of centralized venues.

However, amid the FTX bankruptcy and a string of allegations against Sam Bankman-Fried, the bill has been shelved.

The former FTX chief is known to have donated more than $46 million over several years to political causes. About $5 million was given to a PAC political committee that promoted the advertising campaign of current U.S. President Joe Biden.

The editors of Crypto.Editorial office of reported earlier: Coinbase will have to pay a fine of $50 million. This is due to legal violations under the program aimed at combating money-laundering.

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