Pat Toomey: “It is a pretty large effect that comes from the difference in the interest rate.”

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.

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

As I've said before, Government, and especially this Administration, have often been the problem, not the solution, when it comes to housing.