Washington Starting to Focus on FTX Fallout

Washington Starting to Focus on FTX Fallout

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the focus of Congress, particularly the House Financial Services Committee, on the FTTX incident. It explores the potential for legislative action, noting that while some bills exist, significant progress is months away. The discussion highlights the limitations of current regulatory bodies like the SEC and CFTC in addressing such issues. The transcript also examines the changing perception of the crypto industry in Washington, with increased skepticism following the FTX incident and the influence of figures like Sam Bankman-Fried.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes in the regulatory environment are anticipated as a result of the FTX incident?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the perception of the crypto industry changed among lawmakers after the FTX episode?

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