- Sam Bankman-Fried has called for more federal oversight of the crypto industry, after a number of high-profile hacks and scams.
- He said those launching coins or projects should have to follow tougher disclosure and anti-fraud rules.
- His comments came after a couple were arrested for alleged money laundering in connection to a $4.5 billion hack on the Bitfinex exchange in 2016.
Crypto billionaire Sam Bankman-Fried has called for more government regulation in the US digital asset sector to prevent scams, hacks and “pump-and-dump” schemes.
His comments came a day after the Department of Justice said it had seized $3.6 billion and arrested a couple over an alleged money-laundering scheme linked to the 2016 hack of crypto exchange Bitfinex, in which bitcoin now worth $4.5 billion was stolen.
Crypto…
