Crypto Crash: Why the FTX bubble burst and the harm to consumers. Here's what happened during today's hearing.
United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange.
Pennsylvania Senator Pat Toomey, who has previously expressed support for the U.S. introducing a digital dollar, compared cryptocurrencies to software rather than currencies, arguing that an outright ban of digital assets wouldn’t solve the problems that led to FTX’s financial issues.
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