Sam Bankman-Fried

You know, a company would go crazy. offer something in the United States, Gensler would sue them to the ground for not registering. So they go to Gensler to register, say, hey, you know, we'd love to register. Office says, what you want? What should we register as? And the ICC would say, well, there's nothing for you to register as. We don't have any ideas. And there's just no solution.

They required licenses that they didn't know how to give. And every company in crypto ran into this. You know, they basically failed to register a single person ever. Um, that was like one pretty disturbing thing that I saw and, you know, go for it.

They required licenses that they didn't know how to give. And every company in crypto ran into this. You know, they basically failed to register a single person ever. Um, that was like one pretty disturbing thing that I saw and, you know, go for it.

They required licenses that they didn't know how to give. And every company in crypto ran into this. You know, they basically failed to register a single person ever. Um, that was like one pretty disturbing thing that I saw and, you know, go for it.

It's a really good question. And again, Again, I'm not in his brain, but here are some impressions I had. You know, he really liked being in the center of things. Power. Everyone likes that. Not everyone. Most people. He's no exception. You know, part of this is a turf war. He wanted his agency to get more power. Even if he didn't want to do anything with it except block industries.

It's a really good question. And again, Again, I'm not in his brain, but here are some impressions I had. You know, he really liked being in the center of things. Power. Everyone likes that. Not everyone. Most people. He's no exception. You know, part of this is a turf war. He wanted his agency to get more power. Even if he didn't want to do anything with it except block industries.

It's a really good question. And again, Again, I'm not in his brain, but here are some impressions I had. You know, he really liked being in the center of things. Power. Everyone likes that. Not everyone. Most people. He's no exception. You know, part of this is a turf war. He wanted his agency to get more power. Even if he didn't want to do anything with it except block industries.

You know, why did he make everyone register with him? Well, he loses power otherwise. Even if he didn't know what to do with them.

You know, why did he make everyone register with him? Well, he loses power otherwise. Even if he didn't know what to do with them.

You know, why did he make everyone register with him? Well, he loses power otherwise. Even if he didn't know what to do with them.

I, you know, he had, there are lots of stories about him, you know, being very politically ambitious and feeling like if he could, you know, get on CNBC enough, make a big enough stink about things, raise his profile that, you know, maybe be treasury secretary, something like that in the future. I mean, he was remarkably successful.

I, you know, he had, there are lots of stories about him, you know, being very politically ambitious and feeling like if he could, you know, get on CNBC enough, make a big enough stink about things, raise his profile that, you know, maybe be treasury secretary, something like that in the future. I mean, he was remarkably successful.

I, you know, he had, there are lots of stories about him, you know, being very politically ambitious and feeling like if he could, you know, get on CNBC enough, make a big enough stink about things, raise his profile that, you know, maybe be treasury secretary, something like that in the future. I mean, he was remarkably successful.

Like he became sort of one of the few faces of democratic financial regulation.

Like he became sort of one of the few faces of democratic financial regulation.

Like he became sort of one of the few faces of democratic financial regulation.

So it wasn't moral. It's not like he had like deeply rooted communist beliefs or anything like that.

So it wasn't moral. It's not like he had like deeply rooted communist beliefs or anything like that.

So it wasn't moral. It's not like he had like deeply rooted communist beliefs or anything like that.

I didn't for multiple reasons. One was, you know, I didn't want to do something inappropriate. A second was that many parts of it very quickly made their positions known and were running away as quickly as they could. You know, I had a good relationship, probably better with Republicans in D.C. as with Democrats by that point in time, although that wasn't public.