Sam Bankman-Fried draws fire from DeFi proponents after regulation proposal

Quick Take

  • Various individuals in the blockchain and cryptocurrency industry are lambasting Sam Bankman-Fried after the FTX CEO shared a regulatory proposal that, critics claim, hamstrings decentralized finance.
  • Defenders of Bankman-Fried’s proposal cite the inevitability of regulation, as well as its supposed necessity to onboard public companies into crypto.