El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including

United States Representative Brad Sherman recently blamed “billionaire crypto bros” for the delays in legislation alleging their direct involvement in campaign contributions.

“I believe it is important now more than ever that the SEC take decisive action to put an end to the regulatory gray area in which the crypto industry has operated,” the senator added.

Sherman’s remarks relate to SBF’s $39.8 million fund infusion in the previous 2022 U.S. midterm elections.