Crypto Council for Innovation Comments on Sam Bankman-Fried Arrest

Sheila Warren, CEO of the Crypto Council for Innovation, has issued a  statement on the arrest of Sam Bankman-Fried, founder of FTX. The statement was issued prior to the announcement of civil charges being filed by both the Securities and Exchange Commission and Commodities Futures Trading Commission.

The Council is a global alliance promoting the advancement of crypto innovation.

Warren stated:

The news cycle keeps coming up SBF. An arrest has always been suspected. What’s interesting is the timing – right before two Congressional hearings. 

As authorities around the world build their cases, the only thing we know for sure is that this story is far from over. Real people have been impacted by these actions and members of Congress were hoping to get some answers to some very serious questions.

Going forward, the crypto industry will be continuing its calls for regulatory clarity.

In 2023, we are likely to see more emphasis on crypto in Congress. There will be more discussions, more debate and more hearings as members of Congress evaluate the best way to protect innovation and consumers. 

 

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