Pat Toomey: “Yeah, this is about sticking with the rule that codifies the principle that guidance cannot act as a rule.”

Working Americans are getting poorer every day.

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.

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

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.