Sam Bankman-Fried, the former CEO of FTX, met with senior White House officials on several occasions in 2022. The sources said that politics was not discussed in the meeting and the conversation focused on the crypto industry, exchanges and the prevention of the pandemic.
Sam Bankman-Fried, the former CEO of defunct crypto exchange FTX, reportedly met with government officials at the White House at least four times in 2022, including just two months before the collapse of his crypto empire.
Most of the meetings were listed in the White House’s monthly visitor’s log, which Has shown That Sam Bankman-Fried met with President’s Counselor Steve Ricchetti on April 22 and May 12, 2022, and with Policy Advisor Charlotte Butash on May 13.
Although, according According to a report, the former CEO of FTX had also met President’s Counselor Ricketts on September 8, which did not appear in the visitor’s log.
The revelation has piqued the interest of the crypto community, who are curious to know why there could possibly be so many meetings between FTX and the White House.
Politics played no role in the meetings
Since then explosion of FTXIts ties with Washington have come under scrutiny. Sam Bankman-Fried had contributed millions of dollars For the Democratic Party, making him the party’s second largest individual donor for the 2022 election cycle.
However, according to the report, the sources indicated that politics was not discussed in the meeting and the discussion focused on the cryptocurrency industry, exchanges, and pandemic preparedness.
Despite living in the Bahamas, Bankman-Fried is known to regularly visit Washington to influence crypto policy and make connections. He was previously accused of trying to steer regulators away from centralized exchanges like FTX to decentralized finance (DeFi) platforms like lending protocol MakerDAO.
The former billionaire has often advocated for more crypto regulation and promoted himself and his firms as ethical actors in the crypto space.
In contrast, recent allegations by US prosecutors paint a very different picture, alleging multiple acts of wrongdoingsuch as misappropriating billions of dollars in client funds given to Alameda Research, a subsidiary of FTX, and colluding with others to use corporate money and shadow donors for political contributions.
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