#crypto #FTX #yahoofinance
    Yahoo Finance crypto reporter Jennifer Schonberger outlines how Congress is reacting to cryptocurrency exchange FTX’s fiscal unwinding as it grills financial regulators.
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    31 Comments

    1. And in a flashback to Bernie Madoff. "But he not only conned investors, he seduced regulators. The Securities and Exchange Commission esteemed him as a Nasdaq Stock Market chairman and prominent Wall Street figure — and failed to detect his fraudulent scheme despite receiving warnings and credible complaints over 10 years. After it was exposed in December 2008, a shaken SEC scrambled to put controls in place to prevent such episodes from recurring and uncover them early."

    2. Imagine that, more Fraud/Illegal activity with a company tied to Democratic Funding/Donations. Who couldn't see that coming from a mile away? It's like the BLM of the Crypto Currency World. What a shocker. LMAO 🤣

    3. sure, give your crypto to the criminal banking cartels, that will obviously fix the problem. How did you all forget, that bitcoin was created to fight exactly that problem and bring custody of peoples wealth back to the people. Satoshi forgot to take into account that the people are actually too stupid for that still. not your keys, not your crypto! Stop using centralized exchanges! FFS….

    4. Where is Gensler? MF global under his watch, FTX under his watch, incompetent corrupt WS ponds who be used and sacrificed? his dream of being next secretary of treasury need to be boycott..

    5. US law makers are the ones who ensured crypto wasn’t regulated because ‘generous’ billionaire SBF was having them in his pockets.

      But now of course they will cast blame on regulators to deflect attention away from their own corruption

    6. I believe the best online trade one can think off right now is to invest in Bitcoin trade, though stocks are good but ever since I swapped to Bitcion/ Forex trade l've seen so much difference. We need more experts like MR Alex Gomez, who educate people on the evolution of the market so people avoid common mistakes. so they don’t walk out of the market. It's better to trade short term and make profits while still hodling. Alex Gomez taught me to implement his daily signals in the trading field. I entered with 2.BTC and gained up to 14,7 BTC in two weeks, When it comes to the world of investing, most people don't know where to start.

    7. Gensler’s minutes from all meetings and Correspondence with: SBF, the alameda CEO, the alameda CEO’s father, and all people employed by FTX and associated associated companies must be made public.

    8. Senator asking who from the SEC was watching FTX? Ask Gary Gensler. According to his public calendar, he met with them in March of this year. Senators should be looking at their counterparts as well as SBF was often on capital hill sitting side by side helping them draft crypto bills.

    9. There eye has been on the wrong ball. Gensler and his cronies have been honing in on ripple labs meanwhile we have centralized crypto exchanges pulling one over everybody. Shame. Shame. Shame

    10. Why did Gary Gensler give a completely free hand to FTX and yet randomly attack solid crypto projects? He was keeping the space clear for a power grab. If SBF had gotten a Bit License from Gensler and the Dems, that would have been the end of crypto in the United States. Gensler was working with FTX

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