Unfortunately, I am deeply concerned that financial regulators, including the Fed and the SEC, are increasingly straying into contentious political issues wholly unrelated to their mandates and expertise.
Toomey expresses concern over regulators addressing issues outside their expertise.
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Cryptocurrencies can protect against inflation when Governments irresponsibly manage their own currencies.
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.
Congress can and should offer a sensible approach for the domestic regulation of these activities.
I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
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