White House

Monitoring FTX Collapse

November 12, 2022

As per reports, the White House is monitoring and keeping a

close eye on FTX


Also, citing the bankruptcy filing as evidence, the cryptocurrency industry needs

strict regulation.

The administration added that Americans risked getting harmed if cryptocurrencies are not properly



collapse of FTX

has blown the cryptocurrency industry this week.

As reported by Bloomberg, according to people familiar with the matter,


and Commodity Futures Trading Commission are investigating whether FTX mishandled customer fund.

According to OpenSecrets' biggest individual donor list, Sam Bankman-Fried has contributed 

$40 million

to campaigns this election cycle.

At the press time, FTX Token price is

$2.04 USD.