FTX chairman Sam Bankman Fried and cryptocurrency exchange political leaders visited the White House in May, records show.

What happened: Bankman-Fried was accompanied by FTX’s Director of Government Relations and Policy Eloria Katz and Head of Policy at FTX Markus Wetjen for his meeting with the White House political adviser Charlotte Butash and consultants, according to newly released visitor logs.

The matter was previously reported by CoinDesk.

While the visitor logs did not detail the meetings’ agenda, discussions likely centered on FTX’s proposal to allow the exchange to settle cryptocurrency transactions directly.

The proposal, put to the Commodity Futures Trading Commission (CFTC), would allow FTX to clear its users’ crypto swaps without the need for a clearinghouse.

In May, the CFTC hosted a discussion on the possible elimination of industry middlemen at a roundtable in Washington DC and invited industry experts and academics to comment on the proposal.

“There is a certain irony in some of the statements made by people trying to protect those who know massively more than they do on the subject and understand these products very well.” said Bankman Fried back then.

See also: IS REGULATION BAD FOR CRYPTO?

Price promotion: The crypto market recorded a gain of 1.2% increase in the last 24 hours. Bitcoin BTC/USD was traded at $20,341, up 0.90% and etherETH/USD was trading at $1,591, up 4% over the last day.

Photo Courtesy: FTX