Bankman-Fried’s FTX Bankruptcy Looms Large on 2023 Congressional Agenda

[Epoch-Times-Bot]

Bankman-Fried's FTX Bankruptcy Looms Large on 2023 Congressional Agenda

Members of Congress from both sides of the aisle are calling for congressional action in the wake of the Chapter 11 bankruptcy filing by FTX Trading Ltd., the world’s second-largest cryptocurrency exchange, which was founded by Democrat mega-money man Sam Bankman-Fried.
The cryptocurrency market consists of hundreds of billions of digital financial assets and is viewed by advocates as the eventual replacement for hard money. As a major player in the industry, FTX represented an estimated 130 related corporate entities around the world.
The bankruptcy filing affects most of them, including Bankman-Fried's crypto hedge fund Alameda Research and FTX US, but not subsidiaries FTX Australia Pty., FTX Express Pay Ltd., and others....

Source: Bankman-Fried's FTX Bankruptcy Looms Large on 2023 Congressional Agenda

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