Sam Bankman-Fried on Thursday reposted President Donald Trump‘s jobs report tweet, claiming for President Joe Biden “literally” prevented companies from operating in America through regulation while Trump welcomes them back.
The Trump Endorsement
Bankman-Fried reposted Trump’s tweet celebrating jobs numbers and calling for lower U.S. borrowing rates, arguing Biden forced companies offshore through impossible regulation while Trump welcomes them back.
SBF accused Democrats of “insane regulation” requiring licenses but refusing to issue them, making it impossible for companies to operate legally in America.
He said the Department of Justice under Biden indicted entire industries, forcing prediction markets and crypto firms offshore.
“Under President Trump, that’s changed. The DOJ is no longer indicting entire industries,” SBF wrote, citing how liquid prediction markets now open to Americans after years offshore.
He also attacked Democratic tax policy for increasing corporate taxes and creating loopholes that kept money offshore.
SBF credited Trump’s expanded business tax …