Pat Toomey: “The time has come to pass this legislation.”

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.

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

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.