>> Tucker: FOR THE LAST SEVERAL
YEARS EVERY INVESTMENT BIDEN
CAMPAIGN AND BUSINESS JOURNALIST
IN THE UNITED STATES JOINED IN THE ON-GOING ORGY OF PRAISE FOR
THE ON-GOING ORGY OF PRAISE FOR
A MAN CALLED SAM BANKMAN.
THE HEAD OF THE CRYPTOCURRENCY
FTX.
A MAN IN SHORTS BUT HE WAS
LAUDED AS THE FIRST FUTURE
TRILLIONAIRE.
THEY ALL FELL FOR IT.
NOT ALL.
MUSKOGEE SAID HE TOOK ONE LOOK
AT THIS MAN AND HIS BS DETECTOR
WENT OFF.
LAST MARCH THE CEO TERRY DUFFY
MET WITH SAM AND HE DID WHAT
NOBODY ELSE DID.
HE CALLED SAM A FRAUD TO HIS ACE
WHICH HE TURNED OUT TO BE AND
TRIED TO WARN CONGRESS ABOUT FTX AND SAM.
AND SAM.
>> I AM ASKING YOU, SIR, FTX HAS
NO REQUIREMENTS FOR PANTALEOS.
-- PARTICIPANTS.
THAT’S A FALSE STATEMENT.
FTX HAS A CAPITAL REQUIREMENT.
>> THEY SAID THEY ARE NOT THE
SAME AS FOR OTHER INSTITUTIONS.
CAPITAL IS NOT THE SAME AS
MARGIN.
>> Tucker: THE DEMOCRAT OF
SILICONE VALLEY GETTING
EMOTIONAL DEFENDING SAM.
WE ARE GRATE TO FEEL HAVE TERRY
DUFFY JOIN US.
-- GREATFUL.
-- GRATEFUL.
THERE IS TAPE OF YOU MAKING THIS
CASE ON THE INTERNET.
WHY ARE YOU ONE OF THE ONLY
PEOPLE TO GET THIS RIGHT?
>> I DON’T KNOW, TUCKER, I
APPRECIATE YOU HAVING ME AND
PLAYING THAT PIECE WITH THE
GENIUS FROM CALIFORNIA TELLING
ME HOW CRYPTO-MARKETS WORK.
WHAT I WAS REFERRING TO WAS THE
MARGIN.
FTX HAD REGULE ATTORY CAPITAL
AND HE DIDN’T KNOW THE
DIFFERENCE -- DISMISSIVE WITH
A GUY LIKE.
THAT I DON’T KNOW WHY PEOPLE
DIDN’T SEE IT.
I SAID THIS IS NOT ABOUT CRYPTO.
THIS IS ABOUT HIM TRYING TO
CHANGE THE WORLD SO HE CAN LIST
EVERY PRODUCT UNDER THE SCAM HE
WAS TRYING TO DO WITH CRYPTO.
THE CRYPTOIS SMALL, BUT IF HE
COULD DEPLOY HIS MODEL IN THE
U.S. MARKETS CAN YOU IMAGINE THE
DAMAGE THIS HUMAN BEING COULD DO
THE COUNTRY AND THE WORLD?
PEOPLE LITERALLY WERE TURNING A
BLIND EYE TO IT.
THE PEOPLE THAT WERE WITH HIM.
A FORMER CHAIRMAN WAS WALKING
AROUND WITH THIS GUY AND GIVING HIM CREDIBILITY.
HIM CREDIBILITY.
THE FORMER COUNCIL GAME HIS
GENERAL COUNSEL AT FTX.
IT’S AN EMBARRASSMENT THAT WENT
ON.
NOBODY LOOKED AT.
I SAID HE COULD USE 85% OF HIS
VALUABLE IN A SIMPULSE DAY.
-- SINGLE DAY.
I DIDN’T KNOW HOW RIGHT I WOULD
BE IN A SHORT PERIOD OF TIME.
I KNEW HE WAS A FRAUD THE DAY I
MET HIM.
>> Tucker: YOU MET WITH HIM
PERSONALLY AND YOU ASSESSED HIS
COMPANY.
WHY DID NOT OF THE REGULATORS
DOING THAT?
>> MY REGULATOR I ASKED THEM WHY IN THE WORLD ARE YOU INVOKING
IN THE WORLD ARE YOU INVOKING THE COMMODITY EXCHANGE ACT
THE COMMODITY EXCHANGE ACT
SECTION 5 PARAGRAPH-B THAT SAYS
YOU WILL PROTECT CONSUMERS USING
THOSE MARKETS.
THEY WERE USING THAT.
WAS THERE PRESSURE PUT ON THE
AGENCY FROM POLITICIANS?
THERE ARE HEARINGS COMING UP. I HOPE SOMEONE HAS THE COURAGE
I HOPE SOMEONE HAS THE COURAGE
TO TAKE ON THE COMMISSIONER.
I WAS FORCED TO GO INTO CONGRESS
AND GET BERATED BY PEOPLE WHO
DON’T KNOW WHAT THEY ARE TALKING
ABOUT.
I TOLD THEM WHAT COULD HAPPEN
AND IT HAPPENED.
>> Tucker: TERRY DUFFY IS OUR