SBF's Priority Crypto Bill 'Dead' after FTX Sells to Binance

FTX CEO Sam Bankman-Fried's priority bill is unlikely to pass, after FTX sold to Binance amid its token collapse.

Lawmakers are already weighing in on the sudden collapse and sale. Rep. Patrick McHenry, the ranking Republican on the House Financial Services Committee, doubled down on his calls for new crypto laws in a statement.

Previously, SBF donated $39.2 million to the U.S. midterm elections.