In its characteristic shapeSam Bankman-Fried, co-founder and CEO of FTX Derivatives Exchange, has reiterated again that his brand will welcome regulations pushed by lawmakers to guide innovations in the cryptocurrency ecosystem.

Speech At the Bipartisan Policy Center, Bankman-Fried noted that there has been observable friction in the way industry and those responsible for introducing regulations interact. This impasse, according to Bankman-Fried, has to end, and she noted that she is willing to provide whatever help is needed to bring functional regulations to the industry as much as possible.

“We fully agree with the regulation. it has to happen. It’s healthy. It’s the right thing to do. And we’d love to help in any way we can,” Bankman-Fried said. “I think our industry hasn’t always done a great job of saying that. Sometimes maybe that was the intention, but it came out more like ‘fuck you’ and that wasn’t such a constructive way to engage.”

The role played by FTX.US and the global brand has sparked conversations among policymakers, however, Bankman-Fried is pushing a many lobbying efforts in Washington. In addition to sponsoring Political Action Committees (PACs), the cryptocurrency tycoon has launched a proposition for your company to be an independent clearinghouse in the US

This move has caused the Financial Stability Oversight Council (FSOC) to highlight fears in the proposal, including looming risks to financial stability, according to a report released earlier this year.

Based on her previous appearances on Capitol Hill, if she gets a chance to address the FSOC of which Treasury Secretary Janet Yellen is chair, Bankman-Fried said she won’t take the industry’s combative approach.

“Let’s start with the ripe fruit,” he said. “I use stablecoins a lot as an example because I think they are the cleanest – it’s clearly a good thing that helps reduce risk, to do this without interfering with legitimate finance. It’s just good. Let’s do that.”

With industry-wide clamoring for good regulation, various government agencies are already working on harmonization modalities to make the wishes come true.

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