SBF talks crypto from prison: ‘Changing the guard helps’

In a recent prison interview with Tucker Carlson, Sam Bankman Fried, the former CEO of the cryptocurrency Exchange, now disappeared, shared his prospects on the current state and the future of the cryptocurrency industry.

THE conversation covered a wide range of subjects, but mainly focused on regulatory challenges, the evolution of the fundamental promises of the crypto and the potential trajectory of digital currencies in the global financial landscape.

Regulatory landscape for crypto and American position

Asked about the future of crypto in the United States, Banker Stressed the importance of stable regulatory frameworks for the adoption and growth of cryptocurrencies, especially in the country.

He noted that even if the United States represents approximately 30% of world traditional finances, it only represents about 5% of the global activity of cryptography.

Bankman Fried acknowledged that the new administration seems more favorable to cryptocurrency, declaring that “changing the assistant child”. However, it has attributed current challenges to the country’s strict regulatory environment, affirming: “Reason is entirely regulatory; The United States is unique in its difficulty in working with it. »»

By reflecting on the transition between presidential administrations, Freed Bankman observed differences in their approaches to the regulation of cryptography.

“You look at what the Trump administration said forward, there are a lot of good things. There are a lot of things that were very different from the position [of] Biden administration, “he said.

However, he pointed out that the effectiveness of everything Administration position It depends on the execution, noting that financial regulators are “the great giant bureaucracies of the federal government. They are not used to changing overnight, and they have played a truly obstructive role for a decade in crypto. »»

The promise of privacy and usefulness in crypto

The discussion also discussed the original ideals of cryptocurrency, in particular the Promise of privacy and individual autonomy in financial transactions.

Carlson remembered the first days of the crypto, saying: “The idea was that it was a currency that could store his freedom of commerce to the individual … and that this obviously did not happen.”

Bankman Fried recognized this change, attributing it to the longer deadlines necessary for technological adoption compared to the rapid cycles of investment bubbles. He explained: “Technology is built in decade … Right now, crypto is not entirely at a point where it could become a daily tool of a quarter of the world or something.”

Despite the current limits, Bankman Fried expressed his optimism as to the future utility of cryptocurrencies. He imagined that with an increase in continuous industry: “In five years, you could imagine a world where suddenly, this is the case that anyone can have a cryptographic portfolio … A billion people could use it every day, with confidentiality, with security, a quick, cheap, international.”