NEW: FTX CEO SBF_FTX and the crypto exchange's policy chiefs – MarkWetjen and ElioraKatz – met with senior White House officials in May, new visitor logs show. thesamreynolds reports
FTX CEO Sam Bankman-Fried and his government relations and policy team made a stop at the White House in May as lawmakers in the United States debate on whether to have the Commodity Futures Trading Commission or the Securities and Exchange Commission act as the crypto industry's primary federal market regulator.
During a hearing before the U.S. House Committee on Agriculture, which oversees the CFTC, Terry Duffy, the chief executive officer of CME Group, said FTX’s proposal for direct settlement was something “that's fraught with danger."Read more: For his part, Sam Bankman-Fried has insisted multiple times that FTX has no plans to expand beyond digital assets. He testified before Congress at the same hearing, which occurred on May 12 – the same day as the meeting with Ricchetti.through the House of Representatives and the Senate that would give the CFTC more crypto market oversight, but progress is slow.called Guarding Against Pandemics, which aims to improve the government’s response to pandemics, during one of the meetings with Butash.
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