SBF Criticizes SEC-CFTC Rivalry as Prosecutors Oppose Retrial
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Sam Bankman-Fried says SEC–CFTC rivalry created regulatory confusion and raised legal risk for the crypto sector, alleging the SEC pushed to expand oversight of digital assets. Prosecutors opposed a retrial, arguing the defense had prior access to key FTX witness testimony; SBF faces a 25-year sentence. Political influence and clemency speculation around the 25‑year sentence heighten policy uncertainty, weighing on fundraising, institutional adoption and regulatory clarity for crypto, DeFi, CEX and token markets.
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- Bankman-Fried blames the SEC-CFTC rivalry for creating crypto regulatory confusion.
- Prosecutors reject retrial, citing prior knowledge of FTX witness testimony.
- Political influence and clemency speculation surround Bankman-Fried’s 25-year sentence.
The legal battle surrounding the collapse of FTX continues to evolve as its founder, Sam Bankman-Fried, raises new criticism of U.S. regulators. The imprisoned executive recently argued that regulatory rivalry in Washington created serious risks for the digital asset sector.
He specifically pointed to tensions between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Bankman-Fried claimed that former SEC Chair Gary Gensler attempted to expand the agency’s control over cryptocurrency oversight. According to his view, that conflict became one of the biggest threats …
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