Call me crazy and lazy but I am not gonna spend any time researching this, as it´s just a thought. A gut feeling maybe: SBF was sacrificed for the greater US good.
Sam Bankman Fraud (SBF) was placing himself often sitting on the lap of regulatory bodies in the US, with advice and support. The Bill that will be passed contains many of his inputs and suggestions.
Now the EU, just passed the MICA bill, but the US bill was encountering several delays. The US of course does not want to be behind the facts, and lose its grip on the crypto market seeing the EU become the new regulated crypto hub of the world.
So there was this guy, in a room, smoking and thinking. He looked a lot like Cancerman from X-files for those who remember the good old days.
And this guy needed to make America Great Again, America First. First regulated crypto hub in the world.
But with the current political and economic climate nobody was in a hurry to get this bill passed. Everyone was putting their pieces in place to be able to put more money in their pockets after the next elections. So there was not sufficient interest to make America First, because no coiners nocare about no crypto.
LUNA was a big inspiration, but did not hurt the US enough to really shock the system.
There was only one way to do that.
Throw that young kid off its pedestal so hard that the earth would tremble. He represented the good guys, he was the embodiment of the all-American Crypto Star. If he would fall, the US citizens would be begging for more rules.
At first, that seemed a hell of a job, everybody loved Sam Bankman Fraud. But when he placed the right people in the right places it soon became clear that SBF had over-played his hand.
He knowingly or unknowingly had created a Frankenstein empire. An empire run by people that didn´t have a clue....or knew exactly what they were doing.
All it took was one call to CZ
CZ: "This is CZ, who am I speaking to?"
CM: "Does it matter, let´s say I am the guy that can make Binance big in the US."
CZ: "You dialed the right number, what can I do that is within the US law to accomplish that?"
CM: "Well, very little you just need to be the Big Bad Wolf once more and huff and puff against FTX."
CZ: "That is too easy, what is the catch?"
CM: "No catch CZ, I will make sure the current investigations will not provide anything that would not allow you to operate in the US once The Bill is passed."
CZ: "So my total investment would be a huff and a puff, with a perspective on being the biggest player in your regulated market?"
CM: "You got it CZ", click the conversation ended.
NEXT Chapter
We all know what happened next CZ huffed once and did not need to puff to make the SBF house of cards crumble:
What the world was made to think they need now!
Now some people considered Sam Bankman Fried the next crypto Jesus, building bridges ensuring regulations would soon make this world a better place.
And just like Jesus he got crucified. Knowing that by crucifying him his gospel would only spread more rapidly.
The world was literary crying for regulations, and regulations create control. By crucifying SBF Cancerman was in control once again.
The crypto-verse will get regulated sooner than was expected, mass adoption will follow, and it might just be in time to make America the First regulated crypto hub. And all it took was offering this kid with the weird name and his Harry Potter girlfriend.
After thought, if this is your SENIOR trader.....what can go wrong
