.BradSherman argues that SBF_FTX was attempting to defang SECGov
“My fear is that we will view Sam Bankman-Fried as just one big snake in the crypto Garden of Eden. The fact is, crypto is a garden of snakes,” Sherman said.
The Southern California congressman says that crypto aims to compete with the U.S. dollar as the world reserve currency and enrich “corporate billionaire bros.” Sanction evaders, drug dealers, and other criminals find crypto attractive, Sherman says. The lawmaker adds that tax evasion is also a big market for the nascent asset class. “But the big market is tax evasion, and I know that there are some on the other side who cheer every time a billionaire escapes taxes,” he added.
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