'Someone's Looking for a Pardon': Senators Rebuke Sam Bankman-Fried's Crypto Bill Support
Senators have expressed strong opposition to a proposed cryptocurrency bill supported by Sam Bankman-Fried, the founder of FTX, amid concerns over its implications for regulation and consumer protection. Critics argue that the bill favors large crypto firms and undermines efforts to create a fair regulatory framework. Some lawmakers believe that Bankman-Fried is seeking to influence legislation to benefit his interests, particularly following the collapse of FTX. The backlash highlights the ongoing debate over how to effectively regulate the rapidly evolving cryptocurrency industry.
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