The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.
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Crypto Is an Election Issue This Year. Is That a Good Thing?
Interestingly, crypto seems to be of particular importance in key battleground states including Arizona, Michigan, Montana, Nevada, Ohio and Pennsylvania,...