Better Markets CEO Calls Crypto ‘Lawless,’ Asks for Lifetime Jail of FTX Execs

The collapse of FTX, a prominent cryptocurrency exchange, which led to the subsequent sentencing of its co-founder, Sam Bankman-Fried, has raised multiple questions regarding the legitimacy of such platforms. Notably, Better Markets CEO, Dennis Kelleher, called for former FTX executives to face jail time and potentially be banned from financial markets. In a recent interview […]

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Better Markets CEO Calls Crypto ‘Lawless,’ Asks for Lifetime Jail of FTX Execs

  • Better Markets chief executive Dennis Kelleher called the crypto industry “lawless.”
  • Kelleher said that FTX executives deserve to spend their whole lives behind bars. 
  • The Better Markets CEO also believes that crypto has no legitimate use case.

The collapse of FTX, a prominent cryptocurrency exchange, which led to the subsequent sentencing of its co-founder, Sam Bankman-Fried, has raised multiple questions regarding the legitimacy of such platforms. Notably, Better Markets CEO, Dennis Kelleher, called for former FTX executives to face jail time and potentially be banned from financial markets.

In a recent interview with Bloomberg, Kelleher described the cryptocurrency industry as “lawless” with “no legitimate use case.” His remarks reflect growing concerns among regulators and industry observers regarding the lack of oversight and accountability within the crypto space.

Interestingly, Bankman-Fried, found guilty of money laundering and fraud connected to the collapse of FTX, received a 25-year jail term. This ruling, delivered by Judge Lewis A. Kaplan in Manhattan federal court, made several headlines.

However, Bankman-Fried, at just 32 years old, n…

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