FTX CEO Says FED Is ‘Driver’ in Crypto’s Fall

Sam Bankman-Fried, CEO of FTX, one of the largest cryptocurrency exchanges in the world, thinks that the US Federal Reserve is responsible for the decline in cryptocurrencies.

In an interview with NPR, the CEO of FTX said that the Fed’s rate hike to combat high inflation was the “driving force” in the crypto market’s decline.

Billionaire Fried said the central bank is in a tight spot and appreciates what it’s trying to do. The CEO is driven by other moves by the Fed, which announced the biggest rate hike since 1994. that all markets are afraid is thinking.

Stating that risk expectations will be rearranged, Fried said, “People with money are afraid.” made statements.

Sam Trabucco, CEO of Alameda Research, and Fried, CEO of FTX, are lending to companies that are in danger of going bankrupt, according to some claims, so that the market does not collapse completely. There was no clear statement from Fried on the subject, but according to many commentators, he liked it on Twitter. some posts confirm events states.

Bitcoin, which has decreased by 30% in the last 30-day period, at the time of writing. from $20,500 is being traded.

According to a press release released last week, FTX is within the scope of securities laws in all Canadian provinces. in order to become an approved platform Acquired cryptocurrency exchange Bitvo.

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