News Formal

Senate FTX hearing: calls for regulation and crypto criticisms aplenty

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Crypto Crash: Why the FTX bubble burst and the harm to consumers. Here's what happened during today's hearing.

United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange.

Pennsylvania Senator Pat Toomey, who has previously expressed support for the U.S. introducing a digital dollar, compared cryptocurrencies to software rather than currencies, arguing that an outright ban of digital assets wouldn’t solve the problems that led to FTX’s financial issues.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

knife stabbing injured a lot of people, Senate calls for regulation and knife criticisms aplenty 🤡

There wasn’t a FTX bubble it was theft

“With FTX, the product is not the instruments that were used, the problem was the misuse of customer funds, gross mismanagement, and likely illegal behavior', said Pennsylvania Senator Pat Toomey.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House TestimonyFTX US “was not independent” of its parent company, new FTX CEO John Ray III plans to say in his testimony before the House Financial Services Committee on Tuesday. nikhileshde reports
Source: CoinDesk - 🏆 291. / 63 Read more »