How could he not trust them in the first place? C-level executives are on the record, before Congress, with the biggest and brightest politicians around, saying everything should be regulated, including themselves. They're actively projecting that they acknowledge the general sleaze surrounding the crypto industry and they are not a part of it.
Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"?
SBF was hanging out with people who lent him their credibility and actively asking to be regulated - it doesn't get much better than that for the average person.
Well, when this particular exchange is operating legally in the US and its CEO is respected enough to have a sit at the table with Maxine Waters, the hardest-ass congressperson when it comes to the financial sector, it's much harder than some guy yelling about his exchange on TikTok or Instagram?
Considering the fact that we now know that Maxine Waters got bamboozled by a 20something crypto bro, has your opinion of her being a competent regulator of the finance industry changed at all?
It’s fascinating when people think of politicians like sports teams and not public employees with a mandate of competence.
I think you misunderstood what my point was. Maxine Waters now looks foolish of course but at the time the OP was investing with FTX one would be perfectly excused for believing SBF’s stories, given the lent credibility.
She is the opposite of "hardest-ass" as she is sitting down with these robbers and they're all greasing each others palms. This shit doesn't magically happen.
Hindsight is 20/20, but can you look at Binance, crypto.com, and other 'trusted' crypto exchanges now and say "how can you trust them"?
SBF was hanging out with people who lent him their credibility and actively asking to be regulated - it doesn't get much better than that for the average person.