Pat Toomey: “The fact that America no longer launches new community banks is devastating for Americans across the country.”

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.

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

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.