Regulation

SBF met with Biden’s senior advisers 2 months before FTX’s collapse: Report

Former FTX CEO Sam Bankman-Fried met with authorities officers on the White Home on at the least 4 separate events in 2022, one in all which reportedly occurred simply two months earlier than the autumn of his crypto empire.

Many of the conferences have been disclosed in customer logs which can be posted by the White Home each month, with the information showing that Bankman-Fried met with Counselor to the President Steve Ricchetti on April 22 and Could 12, together with one other assembly on Could 13 assembly with coverage adviser Charlotte Butash.

Nevertheless, in keeping with a Dec. 29 Bloomberg report, the previous FTX CEO additionally met with the president’s counselor Ricchette as recently as Sept. 8, a gathering that didn’t present up on the customer logs.

White Home 2022 customer logs that includes Sam Bankman-Fried. Supply: The White Home

The revelation has piqued the curiosity of crypto group members, who wish to know why there gave the impression to be such a revolving door of visitations between FTX and the White Home.

As per the Bloomberg report, sources recommended that politics had not been mentioned on the assembly, and that conversations have been centered on the crypto business, exchanges and pandemic prevention.

Associated: Prosecutors unlikely to supply Sam Bankman-Fried a good plea deal, says lawyer

Regardless of dwelling within the Bahamas, Bankman-Fried is known to have been an everyday customer to Washington as he pushed to affect crypto coverage and make connections there. He was beforehand accused of making an attempt to redirect regulators away from centralized exchanges like FTX to decentralized finance (DeFi) platforms comparable to lending protocol MakerDAO.

Bankman-Fried was a major donor to the Democrats, and in a Nov. 16 interview with crypto vlogger Tiffany Fong admitted that he had donated about the identical to each events, however that his “Republican donations have been darkish.”

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