‘We do not want your support’: SBF backs Clarity crypto bill from prison, drawing bipartisan rebuke from Sens. Lummis and Warren
Jailed former FTX CEO Sam Bankman-Fried endorsed the Clarity crypto bill, prompting immediate and sharp criticism from Senators Lummis and Warren.Summary
Former FTX CEO Sam Bankman-Fried, currently serving a 25-year sentence, publicly supported the Clarity Act, a sweeping cryptocurrency regulation bill, via a post on X, claiming it would be a major milestone and contrasting it with the bill he supported in 2022 (DCCPA) before his downfall. His endorsement immediately drew bipartisan backlash. Republican Senator Cynthia Lummis, a crypto advocate leading legislative efforts, stated that her bill was fundamentally different from the one SBF tried to influence, emphatically telling him, "We do not need—nor want—your support." Meanwhile, crypto critic Senator Elizabeth Warren warned that SBF's backing should "set off alarm bells," emphasizing that any market structure bill must prioritize investor and financial system protection.
(Source：The Block)