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United States Sens. Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX, Sam Bankman-Fried and John Jay Ray III, respectively, on Nov. 16 to ask for more information on the collapse of the cryptocurrency exchange. They made 13 requests for documents, lists and answers. “The
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Warren and Durbin, both longtime, outspoken crypto skeptics, said the collapse of FTX – which, until recently, had a $32 billion valuation and was largely perceived as one of the most stable exchanges in the industry – “justify our long-standing concerns that the crypto industry ‘is built to favor scammers’
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U.S. Sen. Dick Durbin (D-Ill.) has joined the Labor Department and fellow senators Elizabeth Warren (D-Mass.) and Tina Smith (D-Minn.) in flagging concerns over Fidelity Investment's plan to offer bitcoin (BTC) as an investment option for its 401(k) managed accounts. Original Source
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