On the one hand: Democrats (some, not all) say the SBF’s misdeeds are a function of cryptocurrencies, highlighting its alleged laxity and irresponsibility. How else to explain the rise of an immensely rich and powerful man-child? “The collapse of one of the biggest crypto platforms shows how much of the industry appears to be smoke and mirrors,” said Sen. Elizabeth Warren (D-Mass.), a longtime crypto critic and standard-bearer for the wing. On the other hand, the idea is that SBF is an old-fashioned scam that has been seen many times before – and is therefore not a function of cryptocurrencies. “Sam Bankman-Fraud and his colleagues are as old as finance. This is about centralization. They checked everything,” said CoinDesk’s Jeff Wilser, Rep. Tom Emmer (R-Minn.), the new House Majority Whip and corporate crypto champion. Conversation for today’s “Policy Week”.