Washington Starting to Focus on FTX Fallout

The transcript discusses the focus of Congress, particularly the House Financial Services Committee, on the FTTX incident. It explores the potential for legislative action, noting that while some bills exist, significant progress is months away. The discussion highlights the limitations of current regulatory bodies like the SEC and CFTC in addressing such issues. The transcript also examines the changing perception of the crypto industry in Washington, with increased skepticism following the FTX incident and the influence of figures like Sam Bankman-Fried.

What is the expected timeline for Congress to pass a law related to the FTTX incident?

• By the end of 2022

• By mid-2024

• By mid-2023

• By the end of 2023

What are the two main elements discussed in relation to the FTTX incident?

• Investigation and Prosecution

• Public Opinion and Media Coverage

• Technology and Innovation

• Regulation and Legislation

What is a limitation faced by the SEC in regulating the crypto industry?

• Too many regulations

• Overabundance of staff

• Limited resources and time

• Lack of interest

How has the political environment towards crypto changed after the FTTX incident?

• More supportive

• More enthusiastic

• Less friendly

• Unchanged

Which political figure's influence is mentioned as impacting the perception of crypto on Capitol Hill?

• Gary Gensler

• Janet Yellen

• Sam Bankman-Fried

• Elon Musk