SBF wants to testify but he needs "assurances".

in LeoFinancelast year

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The FTX saga never ceases to amaze me and with each passing day, it kind of feels like there's a new sour twist in the tale that highlights how much of a mess SBF created. What I don't understand about this situation and something that I've highlighted in numerous publications is the intentionality of the scam.

Some of my friends have whittled the whole scenario down to white privilege and while they may have a point, playing the race card in a crypto-related issue doesn't tell the whole story. I feel like there's a lot more to the story and this is something that I alluded to when I talked about the culprit's political affiliation.

So far, we know that our friendly vegan nerd placed a gag order on the democrats and Republicans. Highlighting, once again, my opinion that everything about this situation was not a mistake.

Donating a fat stack to the two major political parties in the country placed SBF in a very interesting position that many people don't seem to understand.

United in beef

Democrats and Republicans are the two ends of the political spectrum. Despite their ostensive philosophical differences in pretty much every topic, we know that both sides hate crypto.

In fact, cryptocurrencies are technically the uniting factor, as both political parties have an open disdain for cryptocurrencies for personal reasons.

I really hate to sound like a Tinfoil hat analyst but on the surface, at least, it looks like SBF is an agent of chaos in the crypto industry. If I did;t know better, I'd say that SBF is a concept created to put the crypto industry in disrepute and catalyse more regulations for digital assets.

It is, of course, a conspiracy theory right now but there is compelling evidence that points at the fact I'm trying to prove in the aforementioned paragraph. When you look at the fundamental facts of the case and how it is currently being treated, it is hard not to see bias.

The aforementioned bias was epitomised by this gentle tap on the shoulder that the US house committee on financial service dropped through a Tweet.

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I don't think I;ve ever seen a scammer and common criminal treated with this level of regard in the US. The loves are either on or this tweet is just a ploy to get the scamming bastard into the US first.

Criminal with terms

As much as I'll like to believe that there's an elaborate scheme to get SBF into US jurisdiction, I seriously doubt it. For starters, both parties hate crypto and while SBF is the fall guy, he has "shown" the dangers of crypto, bringing many assets into disrepute.

The actions of SBF and FTX have led to a dramatic drop in investor confidence, adding a new layer of risk in holding and trading cryptocurrencies. Well. if it's not your first rodeo, then you probably know that this is just a bump in the road.

Anyway, SBF confirmed that once he has "finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain." In summary, he's saying "fuck you, I'll talk when I want to and there's nothing you can do about it".

Never in my life have I seen a criminal get this level of regard from society. It is almost like the legacy media was patiently waiting for the opportunity to shit on the crypto industry.

This disdain for the crypto industry is something that is equally dispersed at the two ends of the spectrum. Despite the attempt by SBF, the US government and all his followers, the market will still emerge victorious because there's more to crypto than just numbers on your screen.

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Thank you for the mention and spreading the word on all this corruption and schemes.
!PIZZA


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