Senators slam FTX, Sam Bankman-Fried and back crypto regulation

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Senators across both major parties sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector.

Bankman-Fried, 30, wasMonday in the Bahamas after federal prosecutors in New York filed an eight-count indictment including allegations of fraud and conspiracy, according to the Royal Bahamas Police Force.

Bankman-Fried's application for bail was denied on Tuesday after a judge determined he was too much of a flight risk. He will be remanded until Feb. 8, 2023, to the Bahamas Department of Corrections. "FTX is a failure of people, safeguards and regulation -- it's not a failure of technology," she said, adding that the cryptocurrency industry requires regulation., D-Mass., and Sen. Roger Marshall, R-Ky.

Sen. Sherrod Brown, chairman of the Senate Banking Committee, and Sen. Pat Toomey, right, the ranking member, lead a hearing on cryptocurrency and the collapse of the FTX crypto exhange and its founder Sam Bankman-Fried, at the Capitol in Washington, D.C., Dec. 14, 2022."A ban on crypto would be the most straightforward way of protecting both investors and the financial system," she said.

 

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Are there minor party senators?

DNC biggest doners: 1. Soros 2. FTX

Lol angry crooked politician noises

But said nothing about those who accepted his donations

Only George soros donated more money to democrats. They literally bought the mid terms with stolen money.

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