Gensler’s SEC Hearing Shows Key U.S. Senate Democrat Brown Digging in Heels on Crypto

“The issues we noticed at FTX are in every single place in crypto – the failure to supply actual disclosure, the conflicts of curiosity, the dangerous bets with buyer cash that was alleged to be protected,” mentioned Brown, the Senate Banking Committee’s chairman, whose committee will in all probability should conform to any crypto laws to supply the business a regulatory framework. “FTX was simply the largest and the ugliest.”