Sam Bankman-Fried (SBF), young founder and CEO of leading cryptocurrency exchange FTX to cryptocurrencies made important statements about
Speaking to Bloomberg, SBF crypto- He said that the winter could be much worse in terms of the prices of cryptocurrencies.
SBF, Bitcoin (BTC) He said that the situation is not so bad, even though the price has dropped below $ 20,000.
“As for the crypto winter, things could have been even worse given that the Bitcoin price had dropped below $20,000.
In that context, I’m not super worried about the industry crashing anytime soon.”
“Cryptocurrency Industry Needs Sensible Regulations!”
Saying in his interview that he frequently travels to Washington on behalf of the crypto industry, SBF said there are still big questions about whether both the SEC and the CFTC will seek jurisdiction over the crypto space, but it would be okay if both regulators take responsibility.
“What we’ve really tried to do over the last year is to bring the industry to a place where there will be sensible regulation.
Because I think the cryptocurrency industry needs sensible regulation, and it doesn’t matter who regulates it here.”
“Our Purpose Was To Support The Emerging Crypto Companies!”
Referring to the declines in the crypto winter, the famous CEO said that efforts to save affected companies during the market downturn had mixed results.
30 year old billionaire bitcoin He said that not all of these bailouts have a happy ending, referring to plans for deals worth around $1 billion to support companies in distress after the sharp declines in crypto prices this year.
“I think some will be profitable, some will not. We had to make snap judgment calls. But our ultimate goal was to support companies in the industry.”
In this context, the SBF cryptocurrency lending platform Voyager Digital Ltd. He stated that an agreement with him was a bad deal.
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