FTX CEO Sam Bankman-Fried has hinted that he is no longer interested in any debate related to crypto policies. He made his intention known in a Twitter thread Shared over the weekend.

“Take the wheel, Crypto Twitter,” says Bankman-Fried after a heated discussion in the comments section of the Twitter thread.

As crypto users await federal regulatory frameworks, Bankman-Fried released a set of guidelines in the digital industry for its implementation in a press release that should be followed to protect and clarify their rights, but its publication was met with a lot of reaction from some key players in the industry.

Bankman-Fried has pushed Congress to pass a market regulation bill introduced by Senators Debbie Stabenow of Michigan and John Boozman of Arkansas. The Commodity Futures Trading Commission (CFTC) would have expanded the regulatory authority over crypto exchanges under the Digital Products Consumer Protection Act.

The bill appears to be an allegedly damaging move for DeFi, primarily a sector of blockchain-based solutions that seek to improve finance by exchanging central intermediaries for computer code.

In the Twitter thread, Bankman-Fried urged ShapeShift CEO Erik Voorhees to stand up for what’s right and make his voice heard. He also encouraged everyone to fight for their right to freedom, the functioning of the economy, and the enormous scalable power of decentralized finance (DeFi).

Oppositions in the Blockchain Industry

Bankman-Fried is not the first person or body to receive backlash after proposing crypto policy.

For example, the financial authorities of South Korea have declared their opposition to the city of Busan’s proposal to offer special regulatory support to overseas crypto firms setting up digital asset exchanges.

The Federal Deposit Insurance Corporation (FDIC), a US government organization tasked with preserving the financial system in the event of bank failures, sent five cryptocurrency-related companies, including FTX US cease and desist letters requesting that they stop making false and misleading claims about the availability of deposit insurance for their customers, another model through which opposition to the policies can be shown.

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