As I have mentioned in my previous post, things are spicing up at the White House in relation to Bitcoin and Crypto. We have a senator-elect who publicly announced her own pocket of BTC and has selected the senior staff to be experts in the crypto space. Bitcoin is bullish not only in the market but also on the policy front.
This next White House connection is not a senator or will not be involved directly in the political affair. But, there are news outlets who report this influential crypto personality could have some influence in the White House.
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Sam- Bankman Fried (SBF)
A physics graduate from MIT, a Forbes 30 under 30 for 2020 and a well known crypto trader who founded crypto derivatives platform FTX is that crypto personality who could have influence in the White House. He has been featured on the Forbes famous under 30 personalities and that shows his importance and influence.
There are so many other accolades for SBF which we can find when we google him. He is the founder and CEO of a trading firm - Alameda Research that manages 2.5 billion worth of assets. He helps create the Serum (SRM) coin.
Apart from these honours, what made me write about him was his recent donation to the President- elect Joe Biden’s election campaign. We all know that politicians require money to run their campaign and they collect that from various sources. And, the money the candidates receive will help them run the campaign and the donors at some point could reach out for favours. I am putting everything blatant out here to make my case on how influential these donors are based on their amount of donation. However, the influence is not direct and is not black and white.
SBF provided 5.2 million $ in donation for Biden’s election campaign. He was part of the democratic funding group called future forward.
We do not know how influential he will be in the White House going forward. It is not a guarantee that things will happen according to his plan. But, there will be ears at the White House who may provide him with access whenever he requires to say something on crypto. It is yet to see whether he will use that to influence his business or for the overall good of crypto.
I am really excited about these White House connections amid this BTC bullishness. The BTC price will have the most influence but it is exciting to see what 2021 and the new administration will bring for the cryptospace.
The post was first published on LeoFinance Beta
