Pat Toomey: “Senator Stabenow raised, I think, a completely valid and important technical question about how this tax interacts with…”

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.

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

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