U.S. Senator Tina Smith on the Arrest of Sam Bankman-Fried

WASHINGTON, D.C. [12/13/22] — Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in response to the arrest and indictment of Sam Bankman-Fried:

“In this country, people are free to invest or bet their money however they want to. But they deserve to know that the market is fair and the rules protect them from bad actors, so they aren’t getting ripped off.

“Looking at the charges brought against Sam Bankman-Fried, it’s hard not to conclude that he and his crypto organizations ran roughshod over the market rules protecting consumers. That’s flatly wrong and he needs to answer for what he’s done.

“It’s clear: people need accountability and protection from the blatant corruption that can happen in crypto.”