Topic: Nothing serious, just my own thought on the crypto crackdown. (Read 446 times)

As someone who studied america in college, I can definitely say that their entire history is about taking whatever they want and not caring about the consequences, if anyone even remotely tried to say anything, they stopped them too, that's how they grew. Being a bully and hated by everyone doesn't really matter to USA because as long as they are rich and powerful, they can be as much hated as they can be. It all goes back to old saying "I rather cry in my ferrari than be poor and noble" and I agree, they are doing whats best for them, and hurting the world instead.

However, this one wasn't about that, this one was just a crypto or securities thing, like was it a coin/token or was it a security, and I understand it, that's a normal thing, I actually sort of even supported it, so that people could actually have a difference in the end.

I almost get triggered then I return back to OPs title that "nothing serious, just (his)my own thought on the crypto crackdown. I hope that Op no longer have that resentment towards America because if he do, he is talking out with a lot and general people living out there. I am starting to guess that maybe you're one of those who got scammed in part of Sam and FTX and now you're still at that loss of your fund.

Of course, BTC have a lot of opportunities not only on web3 but also right now with the bloom of AIs. But that also means that the risk is greater. More people will have more ideas to take advantage of other people who still don't have an idea yet as to what is a scam and what is not. It's not about America or another country. It's about individual self awareness and of their own funds at risk. So invest and trade wisely.

regulation is indeed important to protect users and prevent exchange platforms from doing as they please in their operations. but this is also used by the SEC to be able to lock down the movement of crypto and show the crypto community that they don't want Bitcoin and crypto platforms to grow even more in the country.

so what you say that the SEC protects the users is not entirely true. they are just using this for their own benefit and maybe more extreme steps will be taken by them in the future if they want it, so that the crypto doesn't grow even more and threaten the popularity of the USD and disrupt their economy.

I understand that you have concerns about cryptocurrency and its use to the detriment of others. I would like to reiterate that using cryptocurrencies can bring many benefits, such as reducing costs and saving time during payments and transfers. As for individuals or organizations abusing cryptocurrencies and causing harm to others, that is a legal issue and needs to be resolved by the authorities. It is impossible to judge that all those operating in the cryptocurrency sector have bad intentions.

It is expected that the authorities will work to ensure the safety and protection of the interests of cryptocurrency users, and encourage its development and application in various fields.

I get that you have some strong feelings about America and the whole Sam and crypto situation. It's cool to have different opinions, and it's important to approach discussions with an open mind.

But hey, let's not jump to conclusions without concrete evidence, alright? It's essential to rely on verified info and let the legal process do its thing.

Crypto has definitely stirred up a lot of money and attention, but we can't label the entire industry based on a few isolated incidents. Remember, there are good and bad actors in every field.

If you have legit concerns, it's best to report them to the right authorities. Transparency and accountability are key.

Personally, I don't think the SEC's goal is to protect anyone. Banks are even more unreliable now (how many banks have already collapsed in the U.S. due to misguided government policies) than cryptocurrencies. The SEC is an unnecessary monster manipulating the masses. I hope the director of the SEC will soon be fired.

The USA is a country that has the potential to get anything it wants. Even if there are exceptions. The United States of America has smashed the places it occupied with the appearance of a peace ambassador and a defender of democracy. The USA is one of those responsible for the lives lost and wasted for the sake of oil, the youth that could not be lived, and the people who lost their families. You can have a good time in the USA as long as you serve your interests. Just like SAM. He is now at home, happily using customer deposits at FTX to finance his crypto company Sam, among which millions of dollars in political donations. Because of this illegal event, American politics remembered the existence of crypto and began to take precautions. Because the USA understood the amount of money in circulation in the crypto market and wanted to dominate the crypto markets. As he wanted to achieve in the Middle East, but this time without weapons.

Many crimes were committed, including money transfer fraud, money laundering and campaign finance violations, and the perpetrator is now under house arrest. Where is the justice in that? The USA is acting as it always does.

No matter how strict the law could be, if American government decdided to ban cryptocurrency for there citizens that do not mean that other countries will not adopt the use of crypto for transactions even though it's not official.
 The sec seems to be causing problem with there strict regulations against exchanges and crypto projects. If it continues, it may cause a big loses to the government losing money they would have gained from tax crypto payers. There is a lot of money in cryptocurrency and the government need to bring simple and not too complex rules that would affect the interest of crypto exchanges and investors.

Your opening sentence sounds like a loser talking, almost every country since the beginning of time has tried to expand by force at different points, the more static lines we see that define countries these days were defined over many centuries by all sorts of warring factions. However America refined the most prosperous economic system the world has ever seen up to a point, although admittedly it seems to be regressing a bit now. All financial institutions are subject to regulations that have been built up over many decades and cryptocurrency companies are no exception to that. If you want to play with the big boys then you have to follow the big boy rules, anyone that has been around business for a while would understand that.

You are assuming the best possible intent for the actions of the SEC and personally I do not buy it, when it comes to politicians everything is about how much they can earn from every single move they make, now those profits can be on the form of taxes or more money for the people behind those actions but it can also come on other forms, and it is obvious that what the SEC wants to achieve is a greater control of this market, as the greater control they have of it the less of a threat they will feel about it.

I also think so. The strict regulatory approach taken by the government, particularly through the SEC, is aimed at protecting users in financial troubles. Even though it looks strict, it is driven by the desire to ensure a safe and secure environment for crypto transactions. However, this strictness may inadvertently cause some crypto users to become more cautious and secretive about their involvement.

I do not think that it is a secret anymore, it is obvious that they are doing it because decentralized currency is putting some difficulty on the centralized fiat they have. If bitcoin keeps growing bigger and bigger, how could nations like USA or UK or China etc etc, big nations basically, could keep their population under control?

Financial freedom is one of the ways people could end up changing the system of a nation, because they have no worry anymore, and not like you can seize it neither because bitcoin could be privately owned, hence you would not be able to seize their finances. This means we are going to end up with a big deal when in fact there is nothing they could do and the best way would be to make sure they slowly and gradually make it look bad.

Although we accept this theory as correct, as you said, this is actually a small amount. Generally a small amount. Still, that small amount is too much to say no to. So we will never know all the facts.

Considering the criticisms against the USA, most of them are right. They aim to dominate everything, but I don't think they can achieve that in crypto.

The state of SAM can reveal many things. The coins we are talking about are very small for states but very large for individuals. Of course, if we accept the theory described in the main title as correct.

When it comes to politics, they are complicated, and there are many hidden things that ordinary people like us would never know. But with what happened, it can be seen that the US empire is a country that always uses force, they defy all ways to get what they need. If you live in a country that has been attacked and occupied by the US imperialists, you will understand their cruelty. They are not messengers of peace as they always claim, and that is also the dark side of politics.

Regarding the demise of FTX and Sam, I can bet you it's not going anywhere, and what they're doing is buying time because they know everything will be forgotten in time.

it is true that United states has been involved in many conflicts around the world throughout the history. but in my opinion it is not accurate to blaming  America for acquiring  everything by force as international politics has numerous complexities and it is a lengthy debate. The allegations against Sam and FTX should be approached with substantial evidences considering that the case is still in the court.Furthermore, concerns regarding crypto currencies should be viewed in the context of an evolving technology, and governments around the world are making efforts to regulate it in a way that ensures effective monitoring of the financial transactions to protect interests of citizens.

Your views on FTX cover-ups and the slow drip of facts indeed have us questioning. The thick fog over blockchain data suggests that any hush-up needs a well-planned move.

Is Uncle Sam stirring up trouble in the crypto world? This theory needs strong evidence showing consistent efforts to tarnish crypto's image.

Sure, we've seen big-name scandals. But connecting them to an organized crypto attack? That's a leap without solid backup. Could these mishaps be signs of growing pains, with more eyes on the game? It's worth a thought.

The cover-ups are always there and in the FTX case, it's brutal. Every bit of info is traceable around the internet and through the FTX servers or system. Nothing gets deleted just like that, there are transaction histories, proofs, snaps, backups, and whatnot but the government took the slower steps to reveal everything just to create that negative buzz in the world of cryptocurrencies.

Sometimes I am feeling the USA is slowly injecting this negativity into the crypto space in a step-by-step manner and no one would ever understand this unless the whole Crypto space is halted somehow.

They always making headlines but periodically and creating that fear in investors' minds who are into cryptocurrencies. First, they did 4-5 exchanger scams and opened them showing how their books are not clean including Binance US. Then they targeted the banks which are directly involved with the crypto such as SVC.

Don't you guys think everything is fishy and most of the drama started with FTX fall!

Corruption is everywhere, but USA is not some corrupt banana republic.
Sam Bankman-Fried had donated money to the Democratic party, but this doesn't mean that he is above the law or he will get out of this court case without any consequences.
You are clearly overestimating the scale and the influence of the US cryptocurrency industry. The US crypto industry is 100 times smaller than the big banks and corporations on Wall Street. I'm sure that the Wall Street giants aren't afraid of the crypto industry. Most of them probably don't even pay attention to crypto.

Well, that's not interesting! And where is the “bloodthirsty Uncle Sam”, “where is the enslavement of the whole world by the USA”, and it’s completely sedition - what does it mean “the USA is not to blame for all the evil in the world”? ))

Actually, you are absolutely right. The US is talking about one thing - in the financial market, the rules are the same for all players. If you provide services that generate income in liquid assets, this is a complete analogue of banking services. Please, work within the law.
But with Binance, for example, the situation is completely different. Not only do they provide services that are subject to financial regulation in the US, they also provide ILLEGAL services - money laundering (France initiated criminal proceedings), assistance in circumventing sanctions (imposed by the US), etc. Those. simple "cryptocurrency crime". And the tales about "bloodthirsty Uncle Sam" are just an attempt to justify the criminal, and shift attention from a real problem to an invented one

That's right, I'm not also quick to believe with these conspiracies but I guess it becomes an interesting thought of those that's monitoring these situations.

Too many involved with these but those that they can't voiced out should be protected. As for these cases, they'll eventually die and won't be talked anymore or if it will be shall remain as a memory.

Before now I have doubted the conspiracy theory but at a time in life when I took up some projects and made financial movements and growth, I understood that there is some level of conspiracy in almost everything you can think about.
I became more convinced of this during the covid-19 when China played it on the whole world having conspired with other close allies to plunge USA into a certain degree of confusion.

Sam of FTX could not have done it alone and for Binance to be in the book of SEC, he has refused to renew his conspiracy dues. Nothing happens by chance.

do they really want to protect users, or are they too greedy and want to control it because they have seen its true potential? I don't think they are good enough leaders to care about people, what they are doing with crypto is self-interest.  they want taxes, they want to control the market that will be worth trillions of dollars in the future.  that is why there is competition between the SEC and the CFTC, both of which want to control the crypto market because if they wanted to protect the interests of investors, there would be no such dispute.

I think America is actually quite crypto-friendly. it's just that the SEC is concerned about some crypto being considered securities and not the one who gives the impression that America doesn't support crypto. whereas this is only a matter of securities or commodities.

facts about crypto and america are
✓1. The most bitcoin ATMs are in America
✓2. There are about 45 million plus crypto users in the US.

this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.

Not only that, the so called prisons those people get to spend their time are more like a luxurious resort compared to the conditions the rest of the inmates have to go through or even the conditions the average person has to deal with, it is because of this those crimes keep happening as there is not really a decisive punishment against it, and politicians have no reason to change this as many of them are guilty of the same crimes and they hope that if they are ever caught they can enjoy the same living conditions.

So, in this case if CZ has got a good friend in the congress or senate and he helps him with funding then for sure there will be some protection that he'll get and that guy will surely push away whoever stands their way.

However, Binance isn't like FTX that has got the obvious of stealing people's money. There's always the reason behind these policies and crackdowns and if they're targeting a bigger entity, maybe things will change if there's an 'under the table' thing.

I think it is quite obvious that when you get enough rich in the USA then you could get away with a lot of things, there are some people who ended up with a bit of a trouble when the time comes and they all got away with robbery basically.

White collar crime is looked down on and frowned upon, but it is not getting as much punishment as most others, even drug dealers who sell weed, which is legal in so many states now, could still face more time in prison than someone who stole a billion dollars, not saying that's the case each time, but there are some instances that it has happened. This is why I believe that it is not going to be that easy to handle this at all, it will end up with a bad result for all the people who got scammed by these rich people.

Biden will be exposed if they should go over Sam, there was a reason why he was extradited from Bahama back to America to face justice but since then, did you hear anything from them, how many times have you seen the media said anything about Sam and FTX, when was the last time court summon him, they know that Sam will exposed the politicians and exposing those men automatically put Biden power to risk, United State is very smart on how they attack people, that is why they quietly didn't hunt Sam but look at Binance today, they are hating on them, even Coinbase weren't probe as they probe CZ because he is not a US person and if we are to judge by the money laundering done by FTX, Binance is not close their scams.

Not only America but every strong nation use force on weaker nations. Many other world powers are guilty of intimidation and oppression. Most of the wars in the world are supported openly and covertly by some strong nations.


The money that has been recovered from FTX will not be enough to pay its depositors. It will be difficult for any politicians to access FTX-recovered funds, so the issue of using it for campaigns is unlikely. The trial of SBF will start on October 2nd and he is charged with fraud, unlawful political donations, and bribes to the Chinese government which coils attract a sentence of up to 155 year's imprisonment. Nobody is erasing his crime or granting him a pardon for now.


I might not know many facts about the fall of the exchange, but the bottom line is that FTX led by SBF messed up. They misused customers funds and the government was right to intervene. Exchanges need to be open and transparent so that when they become the target of the SEC, the whole world will know that it is an unprovoked attack. But when these companies engage in secret illegal deals, it allows the government to attack them. It is in the public space that SBF dominated money to both Democrats and Republicans to fund elections. Some of these politicians might be mandated to refund these donations if the court gives such an order.

The idea is interesting, but most likely "far-fetched", because. there is an objective reality that is far from this "theory":
in the SEC process against Coinbase and Binance, there are quite clear accusations: these exchanges allowed securities to be traded without having the authority to do so. And they offered services like "staking", which are very similar to banking products and therefore also require authorization.

Are any of these allegations related to Bitcoin? No. The SEC has already clarified that bitcoin is not a security. So the accusations have nothing to do with bitcoin.
.....
So let's calm down. This is not against Bitcoin. This is against shady business models where companies pretend they are decentralized when they are not, and want a cheaper and less consumer-protective way to fund their business (or directly run away with your money). And it's also about crypto exchanges that pretend they're not banks, but they are, as long as they offer products like so-called "staking" (which has nothing to do with real proof of stake)."
This is an excerpt from a related thread. And it very precisely "lays down" on occurring processes. As we can see, the hype on the topic "SEC infringes on cryptocurrencies" is more like a PR campaign of exchange players who can lose a very attractive "tax-free and uncontrolled income" that they were used to and thought that they would become "untouchable", calling "toward a fair, decentralized world." At the same time, they continued to do it dishonestly, centrally and bypassing the law.

Do not worry too much about all the fuzz that are being caused with the actions of the US Politicians. The noise that are being generated are only done for political points in the upcoming elections. 

Why do you always see bold announcements and huge political decisions being made, close to elections? It is all for show.... and to get more money for their election campaigns and also to get more support from voters. 

it is just animal doing the animal thing. as simple as survival of the fittest. what would a weak animal when it is facing a strong animal in the woods? not hard to make guess. or may be too hard?

It's obvious that uncle Sam Bankman-(Free'd)Fried was placed into his position by his Stanford parents and their elite companions. The whole thing was probably plotted from the beginning. The investigation has been a sham, as has the fact of money re-appearing. The real fraud was not the robbery of exchange funds, rather the market manipulation caused by FTX's collapse and the amount of money that exchanges would have made from liquidating trades that otherwise should not have been liquidated.

America is definitely scared, and this time their fear isn't capable of being solved with physical war. This time, the war has to be won digitally. This is an impossible feat, and will cost America and their people the opportunity of saving themselves with Bitcoin

Listen to what you said, it makes no sense, that's why it makes sense to someone like me, it's something that can't be seen as the truth, that's why it makes no sense, like it won't change a lot right? But for whom? The politicians? Why did you said this because I know that politicians use money as a tool when the next election is around the corner, they use millions of dollars for their own advantages and you said it won't change a lot? That's because you are seeing this as a civilian, not a politician.

I quite agree with the point you conveyed. America will try everything in their power to suppress platforms that do not agree with it. Well, I don't blame them, because after all it is their jurisdiction to be able to regulate companies operating in their country, but the way they do it is like forcing companies to comply with all their regulations which are even quite unreasonable. In fact, they seem to regulate the crypto market globally and framing that Bitcoin is an insecure asset and does not need to be invested. But no matter how they do it, it will all be useless, because Bitcoin will still stand and be popular.

The meltdown of FTX created more concerned for the crypto market and regulations has been the only option experts has been suggesting but I think FTX didn't have anything to do with the attack on binance. The security and exchange commission always wanted to take down Binance exchange and other Big exchanges like Coinbase operating in the US and they have seen an opportunity to make that happen.

FTX will be pardon because exposing him means exposing others and politicians will be among which will be very bad for the US reputation so I think they'll ignore all he has done because cryptocurency market isn't regulated, they'll use that as excuse to free him of all charges.

It seems that everyone was once saying that regulations are coming, yet when they actually came, people are frightened.

The recent crackdown has nothing do to with FTX, well, at least they might start the domino effect, but the root causes are a whole lot bigger than them. The US did not scare if they did not become the biggest benefactor, in fact, they are enforcing the regulation that what had been lacking. So it is not they are touting dominance or even defunding political matters which came from cryptocurrency sources.

The government is serious in its regulations regarding centralized exchanges, which are supposed to operate according to a regulatory framework and not against cryptocurrencies per se.
If you focus well, you will notice that the main goal is to separate the monetary financial system from cryptocurrencies so that these currencies do not have bank accounts or a dollar cover that gives an image to people that it has value or an entity that supports it and thus loses faith in it.
this campaign is good, as most altcoins will not withstand the regulatory tightening, and then all investments will go to Bitcoin, given that what is happening now is against centralized exchanges and not against cryptocurrencies.

Hmm, I have my own views and predictions on the crackdown but for now, I am trying to stay calm and keep my eyes open on every fud situation to bring out an opportunity from it. Op can have a different view on it and someone else can have another view that can even oppose both of us. Actually, everyone has a dimension in which he stores his thoughts, experiences, and Actions we can't even say yes I can understand because we are not in that dimension but we can relate.

In this crisis as well some are new some hold some are afraid and some are happy that they got sometimes to prepare well for future events. This crack down is nothing but just a phase from which we will move to another one now its upto the player how he behaves and clears this round.

If there are particular incidents or charges against Sam, the facts must be examined and the legal process must be followed. Without specific proof, jumping to assumptions can lead to erroneous charges and disinformation. The worry or concern around the rise of cryptocurrencies and its possible consequences for established financial institutions is a hotly debated issue. It is critical to remember that in democratic nations, the judicial system relies on the concepts of fairness, due process, and the assumption of innocent unless proven guilty.

Often the head of the stock exchange is a nominal figure. And in fact the business is run by others. This situation once again shows that you should not keep a lot of money in exchanges, because at any moment there can be a collapse of the exchange. And you have to be careful with promoted cryptocurrencies - maybe they are promoted only to be destroyed later.

I often read about spoiling the USA, but one thing that keeps coming to my mind is that the world is ingrate. What the USA has contributed to the health, peace and stability of this world is unmeasurable and will never be forgotten, and if they stop today, I can assure you that the whole world will be in derision. That war you called will now be truly obvious when many countries started fighting themselves over little differences. What I know of the USA is that they've been using their riches and power mostly for the benefit of all, but there is no way there won't be excesses at times, which I believe is forgivable, and it's not even as obvious as you make it look.

I don't know what Sam's funding of politicians and others has to do with his and FTX's probe, after all, those politicians are not running the affairs of FTX. They, I believe, would have presumed Sam as a CEO of an approved multibillion dollars company. So, why should they be probed or indicted? Sam was running a dully registered company and even if he is sent to jail, it's him alone unless with any persons and politicians that connived with him in the fraudulent act, not those who merely spend the money he gave them.

People and companies will continue to fund anything or persons they want to, as long as the recipients are not involved in their direct criminality, they are good to go.

This is a strong allegation


While investigating the scam in FTX, many more revelations might have been intertwined leading to what we now see as injustice but that said, America can't stop cryptocurrency, investment is a risk, guide your assets , use decentralised exchange.


We make mistake to think that there is a perfect society. No, there is none including the American society. Donald trump is facing allegations on scandal in the past while political analyst say it is all about his second time bid for the white house job. Politics is about interest, no permanent enemies. This is across all countries of the world.

I think I buy your opinion of that of Americas action in addressing things as pertains to other nations and individuals but that does not mean that Other nation's and national can not do things freely.

As for Sam, it is unfortunate that investors lost funds entrusted to him to manage. From the looks, it is likely that he masterminded everything that has happened so as to make it look no one amongst the team is involved in the process but he forget that he is the sole custodian of the exchange as the founder and nothing could happen without his consent.

I believe that there is nothing hidden beneath the sun  and one day, everything would come to the limelight.

You're already into being sentiment with this because we are no more under the era of modern slavery anymore, everyone is independently staying on it's own, they aren't forcing you under them bit they've got what will make you be under them through their development and economic power and growth.


So what you're trying to bring out is that the US depends on people like Sam to go on scandal activities and fund their political ambitions with the loot, because am not just getting your clear point concerning this.

I really agree with what you said, that if we review and examine further how SAM seems to be able to move freely and doesn't like being under close supervision. My point here is of course that this kind of treatment does not reflect true justice when the US government is silent so that no names are leaked to the public as a result of involvement in the flow of campaign funds and politics from SAM. With clear evidence, SAM should be completely defeated but how come the news is now dim? Mastering the media does not necessarily create commotion involving many parties and indeed this confusion must be answered. The lingering unfinished cases shows that the US legal system is elusive. The controls behind the scenes are tighter than they might appear on the surface.

Crypto crackdowns aren't conspiracy theories. The government is rather candid about their plans regarding regulations.

If you want to get into the conspiracy theories, you can look at larger motives for the activists and politicians that are advocates against crypto. New World Order? Globalists instilling their agenda? Perhaps something more inauspicious is going on. What could these people gain from ensuring you and I don't have access to decentralized currencies -- presumably wealth and power.

What happened with FTX and campaign contributions happens all the time in American politics. Seemingly people are surprised that the wealthy pay off politicians through indirect donations when that's been the status quo for many decades. The average net worth of the U.S. politician is 1M+. They're not gaining this wealth through their public salary alone.

These crackdowns are always going to lead to one thing and that's all about the money that's gonna flow into these cases.
Whilst in the case of Sam, it is for sure that there have been paid politicians or milked him money not knowing that the money that FTX/Sam has paid them is the money of the people that he has robbed. While those political pockets have been fat thanks to Sam, there goes those trusting and innocent people that have lost their money.

Can't agree more! That's the case always with the US government.  


Could be one of the reasons why American government is behind all centralized exchanges. But unfortunately, US government will have to face defeat once again. Because the world have moved to a free trade zone. If one country becomes restrictive, others open up.

So if US continues to scare crypto companies, they will just shut their operations there and move to a crypto friendly country. New Innovations in crypto space will happen somewhere else than America. That's simple!

I am not a fan of conspiracy theories, but let's assume that you are correct, what is the maximum wealth that FTX can pay to US politics? According to the latest estimates, the total assets of the FTX platform had reached about 10 billion dollars at best, and if we assume that this amount was available as liquidity, even if it is completely unlikely, then it is likely that there were between one billion and 5 billion that were ready for use, even if we assume that it was Using all that money in electoral propaganda, it will not change a lot of things, it is a point in a big sea, as the debt of the United States for one year exceeds about 2 trillion and it is impossible for you to control it by 5 billion or change its political tendencies.

FTX collapsed because of depositors' blind trust in a person who tried to buy everything quickly to prove to everyone that he had enough money and that customers' money was safe, but he was misusing it and printing fake tokens in return.

I don't know more about the SAM but I do had of the FTX collapse which I don't think he is free from whatever that has happened, I know how karma do take it owns nature there will be a day to reveal all those that involved in that case but saying there are some politician who are involved in it is somethings that I m not too sure of because Americans are too strike on their judgement, including their offices. If it was like the Africans then we could vividly say that something cooked and formulated agendas was used to silent the whole cases.

America, from the beginning of time, they have always forcefully taking everything, and if they can't, it results to war, this is America, sorry friends and families on here if you are originally a US citizen.

Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.

It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.

If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.

The reason why all this is happening with crypto is the money that crypto is capable of generating, the fear of crypto growing bigger and them America, not being the biggest benefactor scares them.