Sam Bankman-Fried, crypto billionaire, wants Washington to follow his leadership

Mr. Bankman-Fried spent most of the Crypto Bahamas moving from a laptop to the convention stage. Even his mother, Barbara Fried, found it difficult to spend time alone with him: one afternoon while trying to close his eyes, a blockchain brother dressed in a polo shirt asked Mr. Benkman-Fried to take a birthday letter to a friend. A few minutes later he was behind the scenes, shaking hands with Tony Blair and making awkward conversations about Brexit.

Unlike some cryptocurrencies, the gathering in the Bahamas was by invitation only and was attended by a large number of people. As a party, FTX guests were offered a discount at a private jet company. During a bus ride to a beach party, one attendee spoke about his crypto yacht crew – “the most exclusive club, the most inclusive when you get there.”

In places like Puerto Rico, the arrival of crypto millionaires pursuing tax breaks has pushed up housing prices, causing outrage among longtime residents. But the Bahamas’s political leadership welcomed FTX with open arms. Prime Minister Philip Davis kicked off the first day of the conference program with an enthusiastic speech, saying crypto entrepreneurs were “better at innovating and changing than most people on the planet.” Later in the interview, Mr. Davis said he would be pleasantly surprised when Mr. Benkman-Fried put on a suit at his office meeting. “We want to be here,” Mr. Davis recalled when he told him.

Mr. Bankman-Fried missed most of the conference holidays, but did not neglect his duty of hosting it. He dined with Mr. Blair and Clinton and rarely refused to take selfies. He also devoted a great deal of time to Mr. Scaramucci, Chairman of SALT, the organization of corporate events that helped facilitate the conference.

The SBF double action with Mooch marked the end of Crypto Bahamas. Returning to the green room, FTX employees exchanged hugs and high fives. Mr. Benkman-Fried scrolled the phone. He stretched and put his hands on his hair. Then the clock checked. The comedy took about four minutes. “I have a lot of emails to catch,” he said.

Outside, the conference center was empty, with hundreds of crypto enthusiasts heading to the airport. It was calm until the next melting. To get to the resort, guests had to walk to the Baha Mar Casino, the largest casino in the Caribbean, with a brightly lit slot machine.

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