SBF: Big Players Like FTX Should Step in and Help Crypto Recover
The Founder and CEO of the crypto exchange FTX – Sam Bankman-Fried – thinks large companies like his should use their expertise and “stem contagion” in the digital asset market. As such, they could aid the ecosystem to thrive again, he added.
In addition, the American argued that the Federal Reserve and its controversial approach to tackling high inflation is the main reason financial markets (including crypto) have plummeted recently. One of the most influential people in the crypto space – Sam Bankman-Fried – opined that crises in the sector like the ongoing situation could be solved with the help of the leading companies. Bankman-Fried reminded that FTX has already provided help on similar occasions.
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