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  • Sam Bankman-Fried, also known as SBF, is the CEO and cofounder of crypto giant FTX.
  • The exec says regulatory oversight on stablecoins is “crucial” for protecting crypto investors.
  • In an interview on Wednesday, SBF broke down 3 main everyday use cases for crypto.

Crypto enthusiasts often tout the industry as more than just digital tokens that can either pump or drain your bags. Blockchain technology — which underpins cryptocurrencies — can be used to solve everyday problems, proponents say.

Sam Bankman-Fried, the CEO and cofounder of crypto giant FTX, broke down three blockchain use cases in an interview at the Bipartisan Policy Center on Wednesday.

In traditional equities, per Bankman-Fried, buying a share of a company can take an exuberant amount of time. Investors may think a trade goes straight from a brokerage like Robinhood to your account.

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