A few days ago, the CEO of FTX came under fire from the crypto community. In his intention to do well, the latter has made comments in which he states that he supports the censorship of DeFi protocols. However, not everything went according to plan and a new series of tweets shed light on some details that could make the difference.
FTX, Sam Bankman-Fried misunderstood?
At the Bipartisan Policy Center held recently in Washington DC, FTX boss Sam Bankman-Fried made it clear that he supported regulators in their mission. However, many followers of the crypto ecosystem do not understand and support his decision. The negative comments were quick to flood in.
If SBF thinks that not all transfers should be executed for fear of opening the door to financial crimes, others see it differently. Indeed, the main voices of the community believe that it is crucial that transfers peer to peer and DeFi operate without restrictions. Faced with mounting criticism, the CEO of FTX made new tweet in which he thanks those who have promoted economic freedom, the heart of crypto.
So far, he still does not see why people are outraged against this bill. For Sam Bankman-Fried, in addition to regulating centralized crypto exchanges, this project has several advantages. He claims that the latter only seeks to establish rules on how FTX or Fidelity could interface with DeFi contracts.
Therefore, it in no way stipulates how the smart contracts, DeFi developers and validators need to do. In short, it is an evolution of the infrastructure bill. Unlike the latter, the new regulations do not consider validators and developers as platforms.
Despite protests and criticism, Sam Bankman-Fried continues to support the legislation. According to him, the latter has only advantages compared to recent bills. However, he claims that he will only support a version that respects everything that has been said above.
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