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US Congressman Says FTX Was 'A Failure Of Centralized Finance And A Failure Of Sam Bankman-Fried': Why It's Important - Bitcoin (BTC/USD)

Summary by Ground News
U.S. Congressman Tom Emmer (R-MN) said Tuesday that the implosion of cryptocurrency exchange FTX is not a crypto failure. Instead, he said it is a failure with centralized finance (cefi), Securities and Exchange Commission (SEC) Chairman Gary Gensler, and former FTX CEO Sam Bankman-Fried.
Published 3 months ago

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US Congressman Says FTX Was 'A Failure Of Centralized Finance And A Failure Of Sam Bankman-Fried': Why It's Important - Bitcoin (BTC/USD)

Instead of calling for more regulation, a leading member of the U.S. Congress is looking for answers to the recent issues facing the cryptocurrency market.What Happened: Rep. Tom Emmer (R-Minn.) was on Fox Business, as reported by Decrypt, and during the interview said, “This is not just a failure of FTX. It’s a failure of centralized finance and a failure of Sam Bankman-Fried."Emmer called out SEC Chairman Gary Gensler in many of his comments, …

3 months ago·New York, United States
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US Lawmaker: FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News

A congressman says FTX's collapse isn't a crypto failure but a failure with centralized finance, SEC's Gary Gensler, and Sam Bankman-Fried.

3 months ago
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FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News - DailyCrypto

U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker […]

3 months ago
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FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News

U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker […]

3 months ago
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FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News

FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News Source link

3 months ago
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FTX Collapse Isn't a Crypto Failure — It's a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News » Earn Bitcoin

U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker […]

3 months ago
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