With all of the news about FTX founder Sam Bankman-Fried (“SBF”) being arrested, reports that SBF would consent to extradition, but then on Monday, SBF demanded to see a copy of his federal indictment before agreeing to return to the U.S., there is a lot to cover.
Several parties are now going after SBF, including the Southern District of New York’s attorney’s office (”SDNY”) and regulators like the US Securities and Exchange Commission (“SEC”) and Commodity Futures Trading Commission (“CFTC”). There is no doubt that there is a need for clarity and a new framework towards regulating this sector. It is also important for US national security. The question is how?