Pat Toomey: “I think it is fair to say that prior to, say, the COVID pandemic hitting us, we were living in one of the freest…”

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.

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.

Cryptocurrencies can protect against inflation when Governments irresponsibly manage their own currencies.