, which sent shockwaves through the crypto world last week with its bankruptcy filing, should serve as a warning to Americans about investing their money in"extremely risky" financial products traded in a space lacking"appropriate supervision and regulation."
"We have very strong investor and consumer protection laws for most of our financial markets, but in some ways the crypto space has inadequate regulation." FTX's creditors will be first in line to receive whatever assets a bankruptcy judge deems appropriate to distribute as the company seeks to restructure as part of its Chapter 11 filing. Investors in the Bahamas-based company, which had raised some $2 billion in venture capital, will be second in line. That means FTX account holders, who used the platform to trade bitcoin, solana and other digital currencies, may have toThe Treasury chief described the U.S.
One major U.S. supplier's warning of a"shortage" on the East Coast earlier this month sparked rumors that the fuel could even run out.told CBS MoneyWatch the tight supplies were no reason to panic
Then why do they allow it. You regulate everything else why not this. It is all fake and the money is pretend money not being able to be spent anywhere
Wow, genius level thinking there!
Seems more like the shady centralized companies are the main danger here.
It was a ponzie scam. He needs to go to jail
We do not need any more government involvement in finances… People just need to learn.
She is a Epic Failure, like LyinBiden
Agree but disagree the FTX issue is about a greedy individual who destroyed a company for his own gain
In Brazil the democracy of the STF/TSE establishes the end of imprisonment in the second instance, privileging friendly bandits, and PRIOR CENSORSHIP to the people. Don't agree with that? Join us on the streets in calling for freedom of expression and respect for the constitution
Crypto... something you mine by wasting much needed electricity and is popular with dangerous thugs and murderers like Kim Jong Un is not a legitimate currency. There is no economic faith and trust behind it.
The Democrats loved the company and funneled millions from Ukraine through the company to the Dems.
She's wrong, it was an intentional crypto money laundering scheme crafted by the current administration. Was I the only one that noticed the barrage of Democratic commercials? Democrats received millions of FTX money
Wow. Look 👀? Common sense.
Not Once, At No Time, Under No Circumstances, She Ever Mentions, FTX CEO Was One Of The'LARGEST DONOR' For The Democratic Party!
FTX laundered our taxpayer money sent to Ukraine back to the democrats for the midterm elections
Things were much better before you took charge! What have you done to repair the economy?
They funneled money to Bidumb and democrats in the midterms. And Ukraine. And back to democrats. Are you reporting this, Pravda?
Yep, diversify dummies!
The world economic forum had/has their hands all on the strings of that Lil puppet and his money laundering, pyramid scheme! Stealing tax payer money sent to the poor people of Ukraine and funneled back to the turn coat democrat's! World economic forum is USA enemy 1!!!
When Biden started his presidency, I suggested that he could do what Bill Clinton did when he was president in charging a nickle tax on the gasoline to pay off the deficit. Biden's administration charged 50 cents to a dollar tax,on everything, but but the deficit stayed the same
But you all took his money, didn't you.
She is in on it. Orchestrated collapse. “Trust the Government”. Wait until she supports CBDC and social credit scores. Be terrified
One word, 'Enron'
Most where Democrats High amounts of $$$ Disappeared.
Well maybe Jan needs to fork over the $8 and get her a blue check how we supposed to believe anything she says otherwise
Yeah, come invest in this new money I just invented. What a scam.🙄
🤡
Old people rules