November 29, 2022

US watchdogs play blame sport over FTX demise

US watchdogs play blame game over FTX demise

US watchdogs play blame game over FTX demise

A clumsy pause adopted one lawmaker’s questions at a listening to this week after they quizzed regulators about which company was accountable for monitoring the failed cryptocurrency change FTX.

“Are you able to inform me who in our federal monetary providers regulatory administrative state was watching FTX to verify nobody there stole individuals’s cash?” John Kennedy, a Republican senator from Louisiana, requested banking regulators throughout a Senate listening to. “Was anybody watching this?”

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