I’d like to make one thing abundantly clear, as I see a lot of political positioning going in the wake of crypto’s collapse 🧵
1) the crypto industry has tried to buy off both parties. SBF was a huge donor to Dems ($40 million), but his cohort at Alameda, Ryan Salame, gave $23 million to Repubs. They were playing both sides.
2) the crypto industry spent more money lobbying Congress last year and the first quarter of this year than big tech or the defense industry bloomberg.com/news/articles/…
3) there are many, many politicians who have accepted their money, and several key regulators who have bent an ear to crypto. There has been an issue of a revolving door between crypto and regulators for years. therevolvingdoorproject.org/tracking-crypt…
4) This is not a partisan issue, it runs much deeper than that, and members of both parties are complicit. This is an issue of corruption. Full stop. #GoldenAgeOfFraud
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