The collapse of Sam Bankman-Fried's FTX has drawn attention to his efforts to influence regulations on the crypto industry and his past comments on the subject before his firm folded.
Host Liz Claman asked Bankman-Fried whether he would consider buying more crypto assets like bitcoin while the SEC is "holding regulation over the crypto market like a sword of Damocles" and what the FTX founder thought the future held for oversight of the market.
Bankman-Fried responded, "I'm optimistic that over the next year or so we'll see some really substantial steps forward in the global regulatory environment and the U.S. regulatory environment for cryptocurrencies. You know, it's been a pretty tough struggle back and forth, I think, for a while. And I think [the] industry is as much to blame for that as anyone else in terms of the relationships that have been developed between, you know, the industry and regulators." "But I think that there's a light at the end of the tunnel there. And I think there are some straightforward policy proposals that could solve for what regulators want, while also allowing cryptocurrencies to really grow a lot as an asset class moving liquidity and volume onshore," he added.
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