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The Naked Emperor Episode 1: The Hype

Understood

CHAPTER

Cryptocurrency Market Places Need More Regulators

Crypto's libertarian underpinnings meant that government was the enemy not a potential collaborator but not for SBF. Here he is actually wearing a suit for once testifying before the House Agriculture Committee in May 2022 asking for regulation. This made SBF unusual in crypto where companies reveled in sidestepping the rules and scrapping with the government agencies trying to rein them in. In that Chuck Todd interview he described it as almost a selfless act. Sam was trying to boost the role of more friendly regulators. That's how he ended up talking crypto in front of an agriculture committee. He also went big buying the naming rights to wear the Miami Heat play.

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