US Senator: The FTX collapse is not evidence that cryptocurrency is bad, and cryptocurrency cannot be stopped

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According to U.S. Senator Pat Toomey, “completely legal and creative cryptocurrencies” must be distinguished from FTX’s unlawful activities. He emphasized that “The collapse of FTX is not an indictment of crypto” and said that if Congress sought to outlaw cryptocurrencies, “the technology would simply shift overseas.”

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