One month prior to the catastrophic collapse of FTX, prominent investors accused Sam Bankman-Fried, the cryptocurrency exchange’s founder, of “quietly lobbying” regulators. For well over a year, the former billionaire offered various suggestions, in interviews and in policy papers, as to how officials in Washington might police the nascent industry.
Legislative influence runs in the family. His father, Joseph Bankman, is a leading tax law scholar at Stanford University while his mother, Stanford law professor Barbara Fried, had helped raise tens of millions for Democratic Party candidates.
