SBF's Brother Founded an Organization to Lobby Congress Members
BREAKING: Gabriel Bankman-Fried, the brother of SBF of FTX, founded an organization that lobbied members of the US Congress from a multimillion dollar property near the US Capitol. This revelation adds another layer to the complex narrative surrounding Sam Bankman-Fried (SBF) and the collapse of FTX.
His family, parents Joseph Bankman and Barbara Fried, both popular faculty members at Stanford Law School, along with his brother Gabe Bankman-Fried were all involved in various aspects of SBF's operations. SBF’s Brother Founded an Organization To Lobby Congress Members raises questions about potential conflicts of interest and the extent of influence exerted on lawmakers.
The organization, founded by Gabriel Bankman-Fried, actively engaged with members of the US Congress, potentially shaping legislation related to cryptocurrency regulation. SBF FTX GabrielBankmanFried SamBankmanFried USCongress cryptocurrency are now key search terms.
SBF’s Brother Founded an Organization to Lobby Congress Members. This news is significant considering that Bankman-Fried pushed for regulations via the proposed Digital Commodities Consumer Protection Act (DCCPA) by extensively lobbying Congress, which was perceived as being advantageous to FTX. The connection between the lobbying efforts and the subsequent failure of FTX is now under intense scrutiny.
In the leaked testimony shared by Forbes, Bankman-Fried said that Ryne Miller, the general counsel and former Sullivan & Cromwell partner of his U.S. arm FTX.US, was also involved in navigating the regulatory landscape. The involvement of multiple parties, including family members and legal counsel, paints a picture of a coordinated effort to influence policy.
FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The combined influence of the Bankman-Fried family and their organization's lobbying efforts are raising serious ethical and legal concerns.
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