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Crypto Should Be Regulated Like Gambling: UK Lawmakers

Transcripts for BBCNEWS BBC News 20240604 03:17:00

because these bankruptcy proceedings take a long time. mount cox, which was another crypto exchange failed many years ago and it is still distributing assets. estimate no doubt a distributing assets. estimate no doubt a lot distributing assets. estimate no doubt a lot of distributing assets. estimate no doubt a lot of uncertainty| no doubt a lot of uncertainty and frustration, so where does this leave regulators in regulating crypto in the future? . , , future? that is the big question. future? that is the big question, what - future? that is the big question, what do - future? that is the big question, what do we | future? that is the big l question, what do we do future? that is the big - question, what do we do now? there are concerns about giving the crypto industry the regulation it was looking for, so crying to the ftx failure, sam bankman fried was the golden boy of crypto was lobbying heavily for regimes that would help crypto thrive. now, ironically, with his fall from

Transcripts for FOXNEWS Jesse Watters Primetime 20240604 00:36:00

ftx failure. and what s terrible about this, again, is that this is a democrat mega donor, clearly we need to get to the bottom of not only what the events were that led to the collapse of ftx, but also why the regulators were asleep at the switch and obviously the majority in the house financial services committee, they were not interested in looking into this. he did testify before our committee but the investors in ftx in this crypto exchange they deserve answers and we need to get to the bottom of it. jesse: democrats always say they care so much about the little guy. where are they now talking about making the little guy whole again? it sounds like the whole barney frank thing just kind of missed the housing bubble and all the free mortgages from fannie and freddie. are you going to be able to claw back some of this cash and give it back to the people that lost

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