Ron Hammond, head of government relations of the blockchain association, a data encryption lobby, said that politicians encouraged by the desperate digital asset exchange FTX have a hard choice ahead of them.

Hammond said that Sam Bankman Fried (SBF), FTX CEO, lobbied Washington City members more than any other CEO, "whether it is data encryption or not"

"With the aggravation of the election campaign, people's anxiety about his donation to legislators will also increase, and also actively lobby for the controversial Digital Commodity Consumer Protection Act (DCCPA). Political donations are not new, but the total amount and amount of donations are eye popping.

With the generation of such political donations (again, this is quite common in the competition), FTX has lobbied according to DCCPA. "

DCCPA will authorize the Commodity Futures Trading Association (CFTC) to control the trading of data products.

Hammond indicated that FTX's participation in the lobbying of the Act added a dilemma to due process.

"Some unanswered questions: If DCCPA participated in the online voting, what would these MPs (many of them) who accepted SBF's competitive donations have? To some extent, DCCPA is called FTX proposal, and the political adverse effect of online voting or resolution may be very bad/the actual effect of electronic optics may be very bad.

Will the recent development trend of Tether make the Congress promote the stable currency law more effectively, or is it likely to include it in the market protection act? The stable currency law is probably the first thing that Congress needs to solve in 2023, but many people in Congress want to do more.

How will the data encryption field change the lobbying strategy after FTX makes mistakes? Many professionals forget that other stakeholders ask for advice in administrative legislation (regulatory authorities, academia, customer teams, international policies and regulations, etc.). A disintegrated enterprise may not succeed. "

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