FTX failure divides lawmakers on how tough to get with crypto regulation

NC’s Patrick McHenry defends cryptocurrency industry at House Financial Services Committee hearing; Senator-elect Ted Budd is a no-show

By: - December 14, 2022 12:00 pm

WASHINGTON, DC – DECEMBER 13: John J. Ray III, CEO of FTX Group, testifies during the House Financial Services Committee hearing titled Investigating the Collapse of FTX Part I, on December 13, 2022 at the U.S. Capitol in Washington, DC. Ray took over the FTX after the resignation of Sam Bankman-Fried. (Photo by Nathan Howard/Getty Images)

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Jacob Fischler
Jacob Fischler

Jacob covers federal policy as a senior reporter in the States Newsroom Washington bureau. Based in Oregon, he focuses on Western issues as well as climate, energy development, public lands and infrastructure.