Pat Toomey: “Well, it just so happens that the New York City Housing Authority wanted $40 billion for itself.”

Congress can and should offer a sensible approach for the domestic regulation of these activities.

There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.

Working Americans are getting poorer every day.

We owe it to each customer to get to the bottom of the FTX implosion, and any violations of the law should be aggressively prosecuted.