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    FTX is the 'Enron moment' for the crypto industry, says Rep. Patrick McHenry



    North Carolina Rep. Patrick McHenry, the lead Republican on the Financial Services Committee, joins CNBC’s ‘Squawk Box’ to discuss how lawmakers are responding to the collapse of crypto exchange FTX. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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    View 38 Comments

    38 Comments

    1. YSP Fedaisi on

      The last way how this year can recover is that Amazons AMAZ45X has success. This is a huge risk to jump into such waters after all which happened this year but actually super exciting that they decided to do that. Hope you guys are aware

    3. •ᴀʏᴛᴀᴄ on

      Well guess what we just had FTX crashing and now we have the new giant. Just few hours ago Amazons AMAZ45X asset hit the roads. I think they have a better chance to run these things since their funds are pretty much unlimited?

    11. พิสิฐ พอกทรัพย์ on

      I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading withJames Wilson insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach James Wilson on ͲeIєɠɾαm
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    13. Michael Murphy on

      CNBC needs to stick to facts instead of trying to spread unsubstantiated rumors. CNBC were personally involved with promoting and recommending FTX to their audience, so they can't even claim to be impartial.

    20. Andrew Browne on

      Listen to the piling on. Remember well when these guys were crying to tax payers to save their ass in 2008. All of them should have been wiped out or severely charged interest to reset the dishonest street

    23. Christopher Scarpino on

      If Congress votes to aid Ukraine, why would the US government need to deliver these funds through a pure investment vehicle like FTX? Doesn't the State Department or the US Treasury transfer funds through its own secure mechanism?

    29. Gringadoor on

      Mt. Gox was the crypto Enron. If FTX is also then there are far more Enrons to come in crypto. Eventually we will find out that Binance is doing something as shady. The next dump in BTC is going to wipe another set of ponzi platforms out.

    36. R1GAMBLER on

      Dems send Billions of Tax Dollars to the Ukraine CIA Proxy WAR. CIA Ukraine Puppet parks it in FTX. Sam Bankman-Fried launders it back into Democrat Party US sElections & Politicians. Everybody gets their cut, including Republicans. Music stops… criminals scramble for last ponzi scheme chair. How fast will the TV Limited Hangout make the story disappear like our tax dollars? How many people are about to commit Epstein???

    37. R1GAMBLER on

      MAXINE WATERS TO HEAD INVESTIGATION INTO FTX CRYPTO LAUNDERING 👃🏻 THAT FUNDED MAXINE WATERS CAMPAIGN

      the charade… it's all so tiresome.

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