House panel wants internal documents from bankrupt crypto exchange FTX | CNN Business

FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy last week and announced the resignation of Bankman-Fried, its 30-year-old CEO who lost a fortune

           

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That's the thing, they are treating it like currency but it is still ultimately a security, an unregulated security, but a security, with crypto, and when I was running for Florida House of Representatives to try and get crypto funding I proposed allowing it to be used for government transactions and foreclosure avoidance with an exchange rate that would below what they said crypto traded for, and the industry wouldn't fund me, but as much as they try and consider it a hard currency, it's the ultimate example of fiat money, I would say it is an asset because people consider it one, but when you trade in it, always try and cash out into more solid things, you may lose some of what you perceive as value, but treat it like a stock, best assets are still those that produce an income in a currency of a country located in


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