Page 10 - John Ray Iii News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The cryptocurrency market. i think that the private crypto market, meaning digital coin not banked by a central bank, is in for a major correction. you ve already seen that. i think regulators have a great case now to say nobody should be trading this stuff. we need a lot more rules. reporter: and now, according to the wall street journal both the justice department and the securities and exchange commission are investigating ftx and the man who ftx has appointed as its new ceo is john ray iii who helped manage the notorious energy firm enron after its collapse in an accounting fraud scandal in 2001. brian todd, cnn, washington. thanks to brian for that report. joining us to discuss, duke university professor of fin tech law and policy lee rainers. thank you for being with us this morning. you have said that a bankruptcy like this was bound to happen in crypto. ....

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