Uploaded by The Gentlemen of Crypto
MIT:
– Glenn Ellison, Dept. Head of Economics
– Gary Gensler, SEC Head and former Prof. of Economics
Family:
– Caroline Ellison, CEO of Alameda, daughter of Glenn
– Sam Bankman-Fried, CEO of FTX, son of Joseph Bankman and Barbara Fried
– Barbara Fried, Head of “Mind The Gap” – biggest Democrat PAC
– Linda Fried, Sam’s aunt and member of World Economic Forum
– Sam raises a total of $1.7B for FTX
– 2nd Biggest donor to Biden 2020 campaign
– Investors include Blackrock, Sequioa, SoftBank and Tiger Global
– FTX covers Alameda losses with $10B of users funds
– Gary Gensler wants regulations
– SBF testifies in front of Congress discussing regulations, trashing #Bitcoin in the process
– Two days after collapse, Digital Commodities Consumer Protection Act 2022 (DCCPA) bill is up for a vote
1. Sam Bankman-Fried was a patsy used by VC funds to launder money through FTX for political influence and a stadium in Miami
2. FTX collapse gives excuse for GG to push regulations on entire market
3. Sets stage for “trustworthy” CBDCs
