Sam Bankman-Fried donned a suit and tie this week, abandoning his preferred hoodie and dark T-shirt for a hearing before US Senators.
The lawmakers had summoned the 29-year-old multi-billionaire on Wednesday to discuss the regulation of digital assets in his capacity as co-founder and CEO of the cryptocurrency exchange platform FTX.
Less than three years after its founding, the company was just valued at $32 billion, a capitalization that puts it close to giants Coinbase and Binance.
The personal fortune of Bankman-Fried, a vegan who sleeps four hours per night and who has become a public face of crypto money, is estimated at nearly $25 billion by Forbes magazine — placing him among the top 70 richest people on the planet.
“It’s been pretty bipartisan,” the young boss told AFP of the hearing. “A lot of Senators are really interested in learning more about the space and learning how there can be more federal oversight.”
– From Hong Kong to the Bahamas –
Son of Stanford Law School professors and a graduate of the elite Massachusetts Institute of Technology (MIT), Bankman-Fried worked as…
