Summary
- Sam Bankman-Fried said on X that the Clarity Act would be a major milestone for the crypto industry.
- Sam Bankman-Fried said he previously pushed similar legislation to separate crypto from Chairman Gensler’s jurisdiction.
- It was reported that President Trump has said he has no intention of granting Bankman-Fried’s request for a pardon.
Forecast Trend Report by Period
Sam Bankman-Fried, who founded cryptocurrency exchange FTX, which went bankrupt in 2022, has cited the US crypto market structure bill known as the Clarity Act.
In a post on X on the 25th (local time), Bankman-Fried said, "The Clarity Act will be a major milestone for the crypto industry," adding that "it could also be a major achievement for US President Donald Trump."
He continued, saying, "In the past, I pushed similar legislation to separate crypto from Chairman Gensler’s jurisdiction," but "in the process, Gensler cooperated with the Biden administration’s Department of Justice (DOJ) in imprisoning me." The remarks are seen as taking aim at former US Securities and Exchange Commission (SEC) Chair Gary Gensler, who was critical of cryptocurrencies.
Meanwhile, Bankman-Fried last year sought a pardon from President Trump. In an interview with The New York Times (NYT) last month, Trump said he had no intention of pardoning Bankman-Fried. The White House has also recently flatly denied speculation about a Bankman-Fried pardon.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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