Crypto Price Check: Lawmakers Want Answers in Light of FTX Collapse

Published by
The Street

By Rob Lenihan Lawmakers worldwide are looking to increase regulatory oversight of the crypto sector in light of FTX’s collapse. Cryptocurrency prices have been struggling as investors retreated following the stunning collapse of the cryptocurrency exchange FTX. Bitcoin was up slightly to $16,857.60 on Dec. 8, according to data firm CoinGecko. Ether, the native currency of the ethereum blockchain, was up modestly to $1,244.54, while dogecoin gained 0.6% to $0.096785. FTX filed for bankruptcy on Nov. 11 in the face of a cash crunch caused by a withdrawal run by FTX clients. The firm’s founder a…

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