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CoinDesk

2022-11-15 20:51:22

Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows

Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows

The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.

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