Crypto Capitol Hill hearing: Why Congress needs to ACT – Lessons from the FTX collapse
Enrique Moorman
1 min read
#crypto #FTX #yahoofinance
The US Congress wants to take a closer look at how FTX fell apart, so that it can prevent the next FTX-like implosion.
The US Senate Agriculture Committee will hear the first of several Congressional hearings on crypto t (Dec. 1). That will be the first of many public probes into what went wrong at FTX, the crypto exchange founded by Sam Bankman-Fried. Eventually, these hearings will help draw up more robust crypto regulation.
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Whole crypto sector is a big ponzi
INVESTING IN CRYPTO NOW SHOULD BE IN EVRY WISE INDIVIDUALS LIST, IN SOME MONTHS TIME YOU'LL BE ECSTATIC WITH THE DECISION YOU MADE TODAY………….
Watching the crypto community go from where they were to blaming the SEC for not saving them from SBF is one of the funniest real-time 180s I have ever seen. I knew they were going to learn a hard lesson about why the SEC exists (knowing its far from perfect), but this was dramatic.