Pat Toomey: “We have no higher obligation as lawmakers than to protect the financial security of the Republic.”

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.

I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.

I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.

Working Americans are getting poorer every day.