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FTX’s collapse upends sam bankman-fried’s Washington play

7 min read . Updated: 27 Nov 2022, 06:27 PM IST PAUL KIERNAN, The Wall Street Journal

FTX founder Sam Bankman-Fried. (via REUTERS) — FTX founder Sam Bankman-Fried. **(via REUTERS)**

The goal was to steer oversight of crypto into the hands of what was perceived to be a friendlier regulator than the SEC

Sam Bankman-Fried’s multimillion-dollar Washington charm offensive revolved around a small financial regulator and a group of senators with whom the purported crypto billionaire found common cause in a bid for light-touch regulation of digital assets.

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