In brief
- Senators from both major parties pushed back against Sam Bankman-Fried’s support of the Clarity Act on social media.
- Wyoming Senator Cynthia Lummis said SBF’s support wasn’t wanted or needed.
- The disgraced crypto founder is serving a 25-year prison sentence for his role in the collapse of FTX.
While some U.S. lawmakers have backed the crypto market structure bill—the Clarity Act—and are seeking broader support, senators from both sides of the aisle made it clear this week that they do not want it from disgraced crypto entrepreneur Sam Bankman-Fried.
The imprisoned founder and former CEO of collapsed crypto exchange FTX had posted on X in support of the bill (via a proxy), but Republican Senator Cynthia Lummis and Democrat…
