I understand that, but having the authority to do something is not the same thing as being required to do something, and the latter simply sends a stronger message.
Editor's note · Context
Toomey emphasizes the importance of mandatory actions over optional authority in addressing threats.
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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.
Last year, China conducted two hypersonic missile tests which the Chairman of the Joint Chiefs, General Mark Milley, described as being very close to a Sputnik moment for the United States.
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.
If Congress is serious, if we are serious about the threats that face us, regardless of the politics, it must be similarly serious about supporting American innovation.





