BitBoy crypto Founder and YouTuber Ben Armstrong didn’t pull any punches when he railed against the CEOs Coinbase Global COIN and FTX.
strike Sam Bankman Fried on his draft crypto regulation proposal, Armstrongwho goes by the name “BitBoy”, claimed that FTX’s CEO wanted only those in “suits”, people “with deep pockets”, to know and decide what happens in space.
JUST IN: Crypto YouTuber BitBoy says Coinbase and FTX CEOs are “devils” trying to “permanently ruin” crypto. pic.twitter.com/u5wDyvgIU1
— Watcher.Guru (@WatcherGuru) October 20, 2022
“…I’m the one who dies, it’s me. I’m the one out here putting the work behind the scenes and trying to save crypto while these devils – Sam Bankman-Fried, Brian Armstrong – try to ruin it permanently. I’m not about money,” said the influencer in one Video posted on social media.
“The framework I posted would secure freedom for peer-to-peer transfers, smart contracts, and validators while mitigating hacks and fraud. I think that’s a pretty clear win for decentralized finance,” Bankman-Fried told Benzinga when asked to comment on the allegations.
What happened: Bankman-Fried has developed a draft cryptocurrency regulatory framework — a set of standards — while awaiting full federal regulatory regimes.
However, several crypto industry experts called the proposed regulations “anti-DeFi” and intended to cripple decentralized finance.
draft proposals: Bankman-Fried expressed his desire to block sanctioned addresses from his list released on Thursday on the official website of FTX. He proposed a protocol that would give hackers a share of stolen cryptocurrency as long as assets are returned and disputes are settled.
He also outlined a three-step process that FTX will use to determine whether a cryptocurrency should be listed as a security.
Plans also included tokenizing stocks to ensure customers understand the basics of cryptocurrencies and proposing a…
