Cryptocurrencies
FTX’s Bankman-Fried Says ‘Messy’ Crypto Regulations Need Fixes
- Market has to evolve on the regulatory side: Bankman-Fried
- Barrier to entry for NFTs is high for average person: Harrison
Photographer: Bizuayehu Tesfaye/Bloomberg
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The U.S. is actually only a minor player in cryptocurrencies and the removal of regulatory uncertainties could help the nation grow its influence on the industry, according to Sam Bankman-Fried, the billionaire founder and chief executive officer of the cryptocurrency exchange FTX.
Bankman-Fried, 29, testified to Congress Wednesday about how the space should be regulated. He and FTX US President Brett Harrison joined Bloomberg’s “What Goes Up” podcast to elaborate on their discussions in Washington and to talk about other hot topics in the industry.