amberrrr789
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The CEOs of FTX were the topic of a recent comment made by US Congressman Brad Sherman. After FTX's demise, the cryptocurrency market entered a downward spiral with no prospect of recovery. He accused SBF and Ryan Salame, Co-CEO of the Bahamas-based FTX, of preventing the long-overdue regulation of cryptocurrencies.
Image of the US Congress, Sourced from: USC News
He said the following in his press release:
He thinks that their individual contributions to various parties postpone either side's victory. This may have delayed the implementation of appropriate crypto legislation. In his statement, he also emphasized the significance of crypto regulations:
The harm that FTX caused was substantial. He now believes that ensuring that those responsible be held accountable is the best course of action. He continues by saying that he fully supports the SEC and CFTC. He will collaborate closely with his congressional team this coming week as they look at potential federal regulation possibilities.
Final Thoughts
The bankruptcy of FTX has severely hurt many of us. What will become of the cryptocurrency sector? What kind of crypto regulation will there be? Despite the recent developments, several nations are still accepting cryptocurrencies. For instance, Hong Kong is having a bullish mood. They have more than finished their last round of intense preparations for the community's grand crypto welcome.
The CEOs of FTX were the topic of a recent comment made by US Congressman Brad Sherman. After FTX's demise, the cryptocurrency market entered a downward spiral with no prospect of recovery. He accused SBF and Ryan Salame, Co-CEO of the Bahamas-based FTX, of preventing the long-overdue regulation of cryptocurrencies.
Image of the US Congress, Sourced from: USC News
He said the following in his press release:
He thinks that their individual contributions to various parties postpone either side's victory. This may have delayed the implementation of appropriate crypto legislation. In his statement, he also emphasized the significance of crypto regulations:
The harm that FTX caused was substantial. He now believes that ensuring that those responsible be held accountable is the best course of action. He continues by saying that he fully supports the SEC and CFTC. He will collaborate closely with his congressional team this coming week as they look at potential federal regulation possibilities.
Final Thoughts
The bankruptcy of FTX has severely hurt many of us. What will become of the cryptocurrency sector? What kind of crypto regulation will there be? Despite the recent developments, several nations are still accepting cryptocurrencies. For instance, Hong Kong is having a bullish mood. They have more than finished their last round of intense preparations for the community's grand crypto welcome.
