Pat Toomey: “This category of organizations to which some people made contributions, isn't it true that those contributions are not…”

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

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.

It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.

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