Sen. Cynthia Lummis joined the growing chorus of voices calling for disgraced crypto investor Sam Bankman-Fried to be investigated for "good old-fashioned fraud."
Some lawmakers are alarmed by FTX's fall, while others remain calm and complacent. After the collapse of crypto trading FTX earlier this month, a few politicians are waving red flags or at least timidly holding them.
The company’s spectacular downfall could cause future investors to be more cautious, and government agencies that oversee digital assets to be clearer and more stringent.
Executives at a deep-pocketed cryptocurrency exchange have dished out tens of millions in political contributions this election cycle as the industry ramps up lobbying to avoid a possible regulatory crackdown, filings show.