In the second week of Bankman-Fried’s trial, the government of the Bahamas held its first crypto conference, D3. The event was a statement: the country is still open for crypto business.
In contrast to the conference FTX hosted the previous year, attended by sports stars, supermodels and ex-political leaders, there was little glamor. Gone were the massage breaks, sunrise yoga, and talks on effective altruism, the intellectual movement espoused by Bankman-Fried—the agenda was all about regulation.
FTX was the elephant in the room. In his keynote speech, Philip Davis, prime minister of the Bahamas, did not broach the topic.
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