In light of the FTX crisis, a US Congressman has called out “billionaire crypto bros” for slowing down much-needed regulation for the crypto industry.
has demonstrated the need for regulators to take immediate and aggressive action:
Sherman announced his plans to work with his Congress colleagues to examine options for federal legislation — which he hopes can be carried out without the financial influence of members in the cryptocurrency industry: While Sherman made a direct reference to former FTX CEO Sam Bankman-Fried and political donations to the Democratic Party, he also mentioned Ryan Salame, the co-CEO of FTX who donated to Republicans in 2022.donated $39.8 million into the recent 2022 U.S. midterm election
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