SBF met with Biden’s senior advisors 2 months before FTX collapse: Report

Former FTX CEO Sam Bankman-Fried met with authorities officers on the White House on at the very least 4 separate events in 2022, and reportedly a gathering simply two months before the autumn of his crypto empire.

Most of the conferences have been disclosed in customer logs that are posted by the White House each month, displaying that Bankman-Fried had met with Counselor to the President Steve Ricchetti on Apr. 22, 2022 and May. 12, 2022 alongside with one other assembly on May 13 assembly with coverage advisor Charlotte Butash

However, in line with a Dec. 29 Bloomberg report, the previous FTX CEO additionally met with the President’s counselor Ricchette as just lately as Sept. 8, in a gathering that didn’t present up on the customer logs.

White House 2022 customer logs that includes Sam Bankman-Fried. Source: The White House

The revelation has piqued the curiosity of crypto group members, who need to know why there appeared to be such a revolving door of visitations between FTX and the White House.

As per the report, sources recommended politics had not been mentioned on the assembly, and that conversations have been targeted on the crypto business, exchanges and pandemic prevention.

Related: Prosecutors unlikely to supply Sam Bankman-Fried a positive plea deal, says lawyer

Despite dwelling within the Bahamas Bankman-Fried is known to have been a daily customer to Washington as he pushed to affect crypto coverage and make connections in Washington, and was beforehand accused of trying to redirect regulators away from centralized exchanges like FTX to decentralized finance (DeFi) platforms comparable to lending protocol MakerDAO.

Bankman-Fried was a major donor to the Democrats, and in a Nov. 16 interview with crypto vlogger Tiffany Fong admitted that he had donated about the identical to each events, however that his “Republican donations have been darkish.”