Pat Toomey: “Like virtually 100 percent of the cases, it was because they had bad loans.”

Because I'm focused on the Senate race.

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

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.

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.